Europe: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Europe

In 2021, after two years of growth, there was decline in the Europe machine tool for metal market, when its value decreased by -4.1% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Europe

In value terms, machine tool for metal production reduced slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.3% against the previous year. As a result, production attained the peak level of $X, and then contracted modestly in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Europe

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 11% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 18%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports dropped to $X in 2021. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2017 when exports increased by 12%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of machine tools for working metal without removing metal, namely Germany, Belgium and Italy, represented more than two-thirds of total export. It was distantly followed by the UK (X units), generating a 7.3% share of total exports. Sweden (X units), Spain (X units), Serbia (X units), Poland (X units), France (X units), the Netherlands (X units), Denmark (X units) and Slovakia (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +52.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest machine tool for metal supplier in Europe, comprising 49% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Spain, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at -6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-10.7% per year) and Spain (-0.2% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, dropping by -12.5% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 8.1% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.3%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Europe

In 2021, the amount of machine tools for working metal without removing metal imported in Europe reduced to X units, waning by -5.9% against the year before. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 166%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports shrank slightly to $X in 2021. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2018 when imports increased by 21%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK was the largest importer of machine tools for working metal without removing metal in Europe, with the volume of imports recording X units, which was near 32% of total imports in 2021. The Netherlands (X units) held the second position in the ranking, followed by Italy (X units), Germany (X units), Spain (X units) and Belgium (X units). All these countries together held near 36% share of total imports. The Czech Republic (X units), Poland (X units), France (X units), Portugal (X units), Austria (X units), Bosnia and Herzegovina (X units) and Greece (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to machine tool for metal imports into the UK stood at -21.9%. At the same time, Italy (+29.8%), the Czech Republic (+27.0%), Belgium (+26.5%), Poland (+23.3%), France (+13.1%), Bosnia and Herzegovina (+12.4%), the Netherlands (+9.5%), Greece (+8.7%) and Portugal (+1.8%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in Europe, with a CAGR of +29.8% from 2012-2021. By contrast, Austria (-4.2%), Spain (-5.0%) and Germany (-8.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Italy, Belgium, the Czech Republic, Poland, France, Spain, Portugal, Germany, Bosnia and Herzegovina, Greece and Austria increased by +9.2, +8.6, +4.4, +3.6, +3.4, +3.1, +2.6, +2.3, +2.3, +2.2, +1.7 and +1.6 percentage points, respectively.

In value terms, the largest machine tool for metal importing markets in Europe were Italy ($X), Germany ($X) and Poland ($X), together comprising 24% of total imports. These countries were followed by the Czech Republic, Portugal, Belgium, France, Spain, Austria, the Netherlands, the UK, Greece and Bosnia and Herzegovina, which together accounted for a further 44%.

In terms of the main importing countries, Bosnia and Herzegovina, with a CAGR of +14.6%, saw 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

In 2021, the import price in Europe amounted to $X per unit, increasing by 4% against the previous year. Overall, the import price showed strong growth. The pace of growth was the most pronounced in 2017 an increase of 138% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform