Europe: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Europe

The Europe machine-tool for working metal market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Europe

In value terms, machine-tool for working metal production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by 5.4% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in Europe

For the fourth consecutive year, Europe recorded growth in overseas shipments of machine tools for working metal, which increased by 28% to X units in 2021. Overall, exports, however, recorded a slight contraction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. In general, exports, however, recorded a slight shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Germany (X units), the Netherlands (X units), Italy (X units) and Belgium (X units), together recording 64% of total export. Spain (X units) took the next position in the ranking, followed by Austria (X units) and the UK (X units). All these countries together held near 16% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal supplying countries in Europe were Germany ($X), Italy ($X) and Austria ($X), with a combined 61% share of total exports. The UK, Belgium, Spain and the Netherlands lagged somewhat behind, together accounting for a further 17%.

In terms of the main exporting countries, the UK, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, dropping by -8.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the Netherlands ($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 (+29.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in Europe

In 2021, approx. X units of machine tools for working metal were imported in Europe; increasing by 50% on the previous year's figure. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) was the largest importer of machine tools for working metal, achieving 30% of total imports. It was distantly followed by Germany (X units), Belgium (X units), the Netherlands (X units), Russia (X units) and Poland (X units), together making up a 35% share of total imports. France (X units), Hungary (X units), Italy (X units), Spain (X units), Romania (X units), Austria (X units) and the Czech Republic (X units) followed a long way behind the leaders.

The UK was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of +25.9% from 2012 to 2021. At the same time, Belgium (+23.5%), Poland (+8.9%), Hungary (+7.7%), Italy (+7.6%), Romania (+5.4%), Austria (+4.3%), France (+4.0%), the Czech Republic (+3.2%), the Netherlands (+2.8%) and Spain (+2.2%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, Germany (-1.9%) illustrated a downward trend over the same period. While the share of the UK (+22 p.p.) and Belgium (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Spain (-1.5 p.p.), France (-1.6 p.p.), the Netherlands (-3.4 p.p.), Russia (-5.4 p.p.) and Germany (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working metal importing markets in Europe were Germany ($X), Russia ($X) and France ($X), together accounting for 34% of total imports. These countries were followed by Italy, Poland, the UK, the Czech Republic, Austria, Belgium, Hungary, Romania, Spain and the Netherlands, which together accounted for a further 43%.

Italy, with a CAGR of +7.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, reducing by -20.3% against the previous year. In general, the import price saw a deep setback. The growth pace was the most rapid in 2014 when the import price increased by 3.1% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per unit), while the UK ($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 Netherlands (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform