Europe: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Europe

In 2021, the Europe horizontal machining centre market decreased by -26.9% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Horizontal Machining Centre Production in Europe

In value terms, horizontal machining centre production declined slightly to $X in 2021 estimated in export price. In general, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of 51%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Horizontal Machining Centre Exports

Exports in Europe

In 2021, the amount of horizontal machining centres for working metal exported in Europe fell to X units, which is down by -8.4% compared with 2020. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 113%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, horizontal machining centre exports skyrocketed to $X in 2021. Overall, exports recorded a slight decline. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) and the Czech Republic (X units) represented roughly 54% of total exports in 2021. Germany (X units) ranks next in terms of the total exports with an 11% share, followed by Italy (9.8%) and Belgium (5.7%). The Netherlands (X units), France (X units), Poland (X units) and Switzerland (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest horizontal machining centre supplier in Europe, comprising 54% of total exports. The second position in the ranking was held by Italy ($X), with an 8.3% share of total exports. It was followed by Belgium, with a 7.1% share.

In Germany, horizontal machining centre exports plunged by an average annual rate of -2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-4.1% per year) and Belgium (-0.6% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, growing by 26% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 292% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the other leaders experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports in Europe

After two years of decline, overseas purchases of horizontal machining centres for working metal increased by 15% to X units in 2021. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, horizontal machining centre imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units) and Spain (X units) represented roughly 33% of total imports in 2021. Italy (X units) held a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (8.6%), Germany (6.9%), the UK (6.5%) and Russia (5%). The following importers - France (X units), Greece (X units), Slovakia (X units), Austria (X units), Poland (X units) and Portugal (X units) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +51.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. These countries were followed by Russia, the Netherlands, France, Austria, the UK, Poland, Spain, Slovakia, Portugal and Greece, which together accounted for a further 42%.

Among the main importing countries, Greece, with a CAGR of +20.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, with an increase of 2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2016 when the import price increased by 47% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform