Europe: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Europe

The Europe grinding and sharpening machine market shrank modestly to $X in 2022, approximately equating the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +113.9% against 2017 indices. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Production of Grinding And Sharpening Metal Finishing Machines in Europe

In value terms, grinding and sharpening machine production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate tangible growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 197%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Europe

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by -14.2% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, showed measured growth. The growth pace was the most rapid in 2018 with an increase of 128%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports reduced slightly to $X in 2022. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany was the major exporting country with an export of about X units, which accounted for 37% of total exports. Spain (X units) took the second position in the ranking, followed by the Netherlands (X units), Austria (X units) and Sweden (X units). All these countries together took approx. 40% share of total exports. Italy (X units), Poland (X units), the Czech Republic (X units), France (X units), Belarus (X units) and Russia (X units) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of grinding and sharpening metal finishing machines. At the same time, Belarus (+42.2%), Spain (+25.9%), Russia (+23.4%), Poland (+16.5%), Sweden (+8.9%), Austria (+8.5%), the Czech Republic (+4.1%), France (+3.7%) and the Netherlands (+3.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of +42.2% from 2012-2022. By contrast, Italy (-3.8%) illustrated a downward trend over the same period. While the share of Spain (+11 p.p.), Austria (+3.4 p.p.), Poland (+2.2 p.p.), Sweden (+2.1 p.p.) and Belarus (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-3.4 p.p.) and Germany (-15.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest grinding and sharpening machine supplier in Europe, comprising 39% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Sweden, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -15.4%. In the other countries, the average annual rates were as follows: Italy (-17.2% per year) and Sweden (-7.8% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 62%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-5.5%), while the other leaders experienced a decline in the export price figures.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Europe

In 2022, purchases abroad of grinding and sharpening metal finishing machines decreased by -12.5% to X units, falling for the second consecutive year after four years of growth. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 50%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports declined slightly to $X in 2022. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 20%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of grinding and sharpening metal finishing machines, namely Russia, Germany, Spain, the Netherlands, France, Austria, the UK, Poland, the Czech Republic, Italy, Ukraine and Romania, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine importing markets in Europe were Germany ($X), Italy ($X) and Russia ($X), with a combined 43% share of total imports. France, the UK, Poland, Austria, the Czech Republic, Spain, the Netherlands, Romania and Ukraine lagged somewhat behind, together comprising a further 33%.

The Netherlands, with a CAGR of -0.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, rising by 11% against the previous year. Overall, the import price, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform