Europe: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Europe

The Europe machine-tool for removing material market skyrocketed to $X in 2021, picking up by 27% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.9% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Europe

In value terms, machine-tool for removing material production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 7%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Europe

Machine-tool for removing material exports surged to X units in 2021, growing by 63% against the previous year's figure. Over the period under review, exports saw a noticeable expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 224% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the UK (X units) represented the main exporter of machine-tools for working any material by removal of material, constituting 38% of total exports. It was distantly followed by the Netherlands (X units), Spain (X units), Italy (X units) and the Czech Republic (X units), together constituting a 39% share of total exports. The following exporters - Germany (X units), Greece (X units), France (X units), Poland (X units) and Belgium (X units) - together made up 15% of total exports.

Exports from the UK increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Spain (+29.0%), Poland (+28.2%), the Czech Republic (+19.2%), the Netherlands (+17.7%), Germany (+17.3%), Belgium (+11.7%) and Greece (+3.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +29.0% from 2012-2021. By contrast, France (-6.9%) and Italy (-14.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Spain, the Czech Republic, Germany and Poland increased by +12, +11, +3.3, +2.5 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest machine-tool for removing material supplier in Europe, comprising 35% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 5.8% share.

In Germany, machine-tool for removing material exports increased at an average annual rate of +1.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+2.3% per year) and the Netherlands (+20.1% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, with a decrease of -23.2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 445% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 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 ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.9%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Europe

In 2021, overseas purchases of machine-tools for working any material by removal of material were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, machine-tool for removing material imports surged to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Greece (X units), the UK (X units) and the Netherlands (X units) represented roughly 55% of total imports in 2021. Italy (X units) ranks next in terms of the total imports with a 7.1% share, followed by France (5%), Russia (4.9%), Poland (4.7%) and Spain (4.6%).

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +29.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Russia ($X) and the UK ($X) were the countries with the highest levels of imports in 2021, together accounting for 25% of total imports. These countries were followed by France, Poland, the Netherlands, Spain and Greece, which together accounted for a further 21%.

Spain, with a CAGR of +15.3%, saw 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

In 2021, the import price in Europe amounted to $X per unit, shrinking by -3.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 20%. The level of import peaked at $X per unit in 2020, and then dropped in the following year.

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 Russia ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+19.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform