Europe: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Europe

In 2022, after three years of growth, there was significant decline in the Europe market for mechanical appliances for projecting, dispersing or spraying, when its value decreased by -13.5% to $X. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.4% against 2018 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Europe

In value terms, production of mechanical appliances for projecting, dispersing or spraying fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2021, and then contracted in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Europe

In 2022, exports of mechanical appliances for projecting, dispersing or spraying in Europe fell to X units, dropping by -4.5% against 2021. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then reduced modestly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying shrank modestly to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period 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 2021 with an increase of 17%. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

Germany (X units) and Italy (X units) represented the main exporters of mechanical appliances for projecting, dispersing or spraying in 2022, amounting to approx. 37% and 27% of total exports, respectively. The following exporters - the Czech Republic (X units), France (X units), the Netherlands (X units), the UK (X units), Switzerland (X units), Spain (X units), Belgium (X units), Austria (X units), Poland (X units) and Romania (X units) - together made up 29% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +50.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Europe, comprising 48% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Switzerland, with a 6.3% share.

In Germany, exports of mechanical appliances for projecting, dispersing or spraying expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+6.3% per year) and Switzerland (+0.8% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, growing by 1.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 8%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 Switzerland ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Europe

In 2022, supplies from abroad of mechanical appliances for projecting, dispersing or spraying decreased by -9.5% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the UK (X units), Russia (X units), Austria (X units), Italy (X units), Poland (X units), Spain (X units) and the Netherlands (X units) represented the main importers of mechanical appliances for projecting, dispersing or spraying, together comprising 73% of total imports. Norway (X units), the Czech Republic (X units), Belgium (X units) and Romania (X units) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Romania (+11.8%), Norway (+10.4%), Spain (+7.7%), the Czech Republic (+7.5%), Austria (+7.2%), Poland (+5.5%), Italy (+4.7%), France (+4.1%) and the UK (+3.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +11.8% from 2012-2022. The Netherlands and Russia experienced a relatively flat trend pattern. By contrast, Belgium (-2.0%) illustrated a downward trend over the same period. Austria (+1.8 p.p.) and Spain (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands, Belgium, Russia and Germany saw its share reduced by -1.5%, -1.6%, -2.9% and -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Europe, comprising 19% of total imports. The second position in the ranking was taken by France ($X), with a 9.2% share of total imports. It was followed by the UK, with a 7.2% share.

In Germany, imports of mechanical appliances for projecting, dispersing or spraying increased at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+3.7% per year) and the UK (+3.9% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, with an increase of 2.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.7%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per unit), while Norway ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform