France: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in France

After three years of growth, the French machine-tool for working metal market decreased by -88% to $X in 2021. In general, consumption faced a dramatic curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in France

In value terms, machine-tool for working metal production declined sharply to $X in 2021 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 16%. Machine-tool for working metal production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from France

In 2021, approx. X units of machine tools for working metal were exported from France; increasing by 26% against 2020 figures. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working metal exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for machine-tool for working metal exports from France, accounting for a 13% share of total exports. Moreover, machine-tool for working metal exports to Germany exceeded the volume sent to the second major destination, China (X units), twofold. The UK (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.9% per year) and the UK (+10.1% per year).

In value terms, the largest markets for machine-tool for working metal exported from France were Germany ($X), Italy ($X) and the UK ($X), together comprising 33% of total exports. China, Turkey, the United States, Poland, Spain, the Netherlands, Belgium, Morocco, Serbia and Tunisia lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Serbia, with a CAGR of +44.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working metal export price amounted to $X per unit, picking up by 2.8% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Morocco ($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 Serbia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into France

After two years of decline, supplies from abroad of machine tools for working metal increased by 22% to X units in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 33%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, machine-tool for working metal imports rose modestly to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to France, with a 32% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.0% per year) and Germany (+0.7% per year).

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the largest machine-tool for working metal suppliers to France, together comprising 63% of total imports. Turkey, Austria, China, Spain and the United States lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Austria, with a CAGR of +10.4%, 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 average machine-tool for working metal import price amounted to $X per unit, declining by -15.5% against the previous year. In general, the import price continues to indicate a slight setback. The growth pace was the most rapid in 2019 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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