France: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in France

The French machine-tool for removing material market skyrocketed to $X in 2021, growing by 40% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in France

In value terms, machine-tool for removing material production fell slightly to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. Machine-tool for removing material production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from France

In 2021, machine-tool for removing material exports from France reduced to X units, which is down by -13.9% against 2020 figures. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports amounted to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 50% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Mexico (X units) were the main destinations of machine-tool for removing material exports from France, with a combined 37% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +14.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from France were Italy ($X), Germany ($X) and Switzerland ($X), together accounting for 36% of total exports. These countries were followed by the UK, China, Mexico, Poland, Spain, the United States, Belgium, the Netherlands, Tunisia and Hungary, which together accounted for a further 39%.

The Netherlands, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, picking up by 20% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 86%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the United States ($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 Switzerland (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into France

In 2021, supplies from abroad of machine-tools for working any material by removal of material decreased by -20.8% to X units, falling for the second consecutive year after eight years of growth. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 50%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine-tool for removing material to France, with a 43% share of total imports. Moreover, machine-tool for removing material imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. China (X units) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.5% per year) and China (+14.5% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working any material by removal of material to France, comprising 32% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and China (+10.0% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, increasing by 61% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($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 United States (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :