Europe: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Europe

In 2021, the Europe lathe for removing metal market increased by 7.6% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Europe

In value terms, lathe for removing metal production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Europe

In 2021, exports of lathes for removing metal in Europe skyrocketed to X units, increasing by 37% on 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports, however, continue to indicate a slight contraction. Over the period under review, the lafor removing metal exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of lathes for removing metal, namely Italy, Belgium and the UK, represented more than half of total export. Germany (X units) ranks next in terms of the total exports with an 8.7% share, followed by the Netherlands (6.4%) and Austria (6.3%). Spain (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest lathe for removing metal supplier in Europe, comprising 34% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Belgium, with a 9.2% share.

In Germany, lathe for removing metal exports decreased by an average annual rate of -3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-2.2% per year) and Belgium (-2.4% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, shrinking by -12.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 41% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lathes For Removing Metal

Imports in Europe

For the third year in a row, Europe recorded growth in supplies from abroad of lathes for removing metal, which increased by 40% to X units in 2021. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, lafor removing metal imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units) and Belgium (X units) represented roughly 32% of total imports in 2021. Germany (X units) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by the UK (7%), the Netherlands (6.9%), Russia (6.5%), Italy (6%) and Austria (4.7%). Portugal (X units), Poland (X units), France (X units), Switzerland (X units) and the Czech Republic (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal importing markets in Europe were Germany ($X), Italy ($X) and Russia ($X), together accounting for 39% of total imports. These countries were followed by Belgium, the Netherlands, France, Switzerland, the UK, Poland, the Czech Republic, Spain, Austria and Portugal, which together accounted for a further 47%.

In terms of the main importing countries, Portugal, with a CAGR of +15.2%, saw the highest rates of growth with regard to 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

In 2021, the import price in Europe amounted to $X per unit, shrinking by -12.1% against the previous year. Overall, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 28%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Spain ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform