France: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in France

The French metal honing machine market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption posted a strong increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports from France

In 2021, overseas shipments of honing or lapping machines for working metal increased by 114% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2017 with an increase of 208%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal honing machine exports skyrocketed to $X in 2021. Overall, exports, however, saw a slight decline. The growth pace was the most rapid in 2017 when exports increased by 173% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units), the United States (X units) and Belgium (X units) were the main destinations of metal honing machine exports from France, together comprising 71% of total exports. Italy, Mauritius, Congo, China, Germany, Burkina Faso and Turkey lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Mauritius (with a CAGR of +49.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for honing or lapping machines for working metal exports from France, comprising 45% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 9.6% share of total exports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+369.2% per year) and Italy (-9.3% per year).

Export Prices by Country

In 2021, the average metal honing machine export price amounted to $X per unit, dropping by -19% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+373.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into France

In 2021, purchases abroad of honing or lapping machines for working metal was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 257%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, metal honing machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest metal honing machine supplier to France, accounting for a 57% share of total imports. Moreover, metal honing machine imports from Italy exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The United States (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+70.8% per year) and the United States (+9.8% per year).

In value terms, the largest metal honing machine suppliers to France were Italy ($X), the United States ($X) and Germany ($X), with a combined 84% share of total imports. Japan and the Netherlands lagged somewhat behind, together comprising a further 12%.

Japan, with a CAGR of +85.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal honing machine import price stood at $X per unit in 2021, rising by 82% against the previous year. In general, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 247% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :