Europe: Machinery For Packing Market 2024

Machinery For Packing Market Size in Europe

The Europe machinery for packing market expanded remarkably to $X in 2022, with an increase of 5.8% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in Europe

In value terms, machinery for packing production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Machinery For Packing Exports

Exports in Europe

In 2022, exports of machinery for packing or wrapping in Europe shrank to X units, declining by -9.2% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 8.2% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machinery for packing exports reduced notably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. The level of export peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Italy represented the largest exporting country with an export of about X units, which amounted to 44% of total exports. Germany (X units) ranks second in terms of the total exports with a 17% share, followed by the Netherlands (7.6%) and Spain (5.4%). France (X units), the UK (X units), Switzerland (X units), Ireland (X units), Denmark (X units), Sweden (X units) and Hungary (X units) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, the UK (+7.6%), Denmark (+5.7%), the Netherlands (+5.4%) and Spain (+1.6%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in Europe, with a CAGR of +7.6% from 2012-2022. Hungary, Switzerland and France experienced a relatively flat trend pattern. By contrast, Ireland (-2.0%), Germany (-2.9%) and Sweden (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy and the Netherlands increased by +3.6 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 72% of total exports. Switzerland, Spain, France, Denmark, the UK, Sweden, Hungary and Ireland lagged somewhat behind, together comprising a further 21%.

Denmark, with a CAGR of +6.4%, recorded the highest growth rate of the value of exports, in terms of 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, dropping by -6.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 6.5% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.4%), while the other leaders experienced more modest paces of growth.

Machinery For Packing Imports

Imports in Europe

In 2022, imports of machinery for packing or wrapping in Europe dropped to X units, waning by -7.5% against 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, machinery for packing imports shrank to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 11%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X units), the UK (X units), Germany (X units), France (X units), Spain (X units), the Netherlands (X units), Italy (X units) and Poland (X units) represented the main importer of machinery for packing or wrapping in Europe, making up 68% of total import. The following importers - Belgium (X units), Switzerland (X units), the Czech Republic (X units), Romania (X units) and Austria (X units) - together made up 12% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +8.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing importing markets in Europe were Russia ($X), Germany ($X) and France ($X), together comprising 34% of total imports. The UK, Poland, Switzerland, Spain, Italy, the Netherlands, the Czech Republic, Austria, Belgium and Romania lagged somewhat behind, together accounting for a further 46%.

The UK, with a CAGR of +7.3%, recorded the highest growth rate of 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, dropping by -6.3% against the previous year. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per unit), while Spain ($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 Czech Republic (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform