Europe: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Europe

In 2022, after two years of decline, there was significant growth in the Europe machine-tool for drilling market, when its value increased by 36% to $X. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Production in Europe

In value terms, machine-tool for drilling production totaled $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 13%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports in Europe

Machine-tool for drilling exports fell to X units in 2022, dropping by -11.6% on 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 96%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for drilling exports fell to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 18%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Denmark (X units), the UK (X units) and Germany (X units), together resulting at 54% of total export. It was distantly followed by Austria (X units), Italy (X units), the Netherlands (X units) and Spain (X units), together committing a 23% share of total exports. Poland (X units), the Czech Republic (X units), Belgium (X units), Sweden (X units), France (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +43.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, with a combined 71% share of total exports. The Czech Republic, the Netherlands, Poland, the UK, Austria, France, Denmark, Belgium, Sweden and Belarus lagged somewhat behind, together accounting for a further 22%.

Poland, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, rising by 3.1% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2021 when the export price increased by 102%. 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 ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the other leaders experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports in Europe

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported in Europe; remaining constant against the previous year's figure. Overall, imports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports declined to $X in 2022. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units), followed by Germany (X units), Denmark (X units), the UK (X units), Russia (X units), France (X units) and the Netherlands (X units) represented the largest importers of machine-tools for drilling, boring or milling metal, together constituting 67% of total imports. The following importers - Italy (X units), Poland (X units), Norway (X units), Greece (X units), Austria (X units) and the Czech Republic (X units) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 39% of total imports. The UK, Russia, the Netherlands, Austria, Poland, the Czech Republic, Spain, Denmark, Norway and Greece lagged somewhat behind, together comprising a further 39%.

Greece, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 2022, falling by -1.7% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 28%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform