EU: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the EU

The EU metal broaching machine market surged to $X in 2023, with an increase of X% against the previous year. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Broaching Machine Production in the EU

In value terms, metal broaching machine production fell modestly to $X in 2023 estimated in export price. Overall, production, however, faced a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in the EU

In 2023, approx. X units of broaching machines for working metal were exported in the European Union; growing by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports skyrocketed to $X in 2023. Overall, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy was the main exporter of broaching machines for working metal in the European Union, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. Germany (X units) held the second position in the ranking, followed by the Czech Republic (X units) and Denmark (X units). All these countries together took approx. X% share of total exports. The following exporters - Spain (X units), Ireland (X units) and Poland (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal broaching machine exports from Italy stood at X%. At the same time, Ireland (X%), Denmark (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Spain (X%) and Germany (X%) illustrated a downward trend over the same period. Italy (X p.p.), the Czech Republic (X p.p.), Denmark (X p.p.), Ireland (X p.p.), Spain (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Germany ($X) remains the largest metal broaching machine supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports in the EU

In 2023, metal broaching machine imports in the European Union skyrocketed to X units, increasing by X% against the year before. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, metal broaching machine imports soared to $X in 2023. Overall, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Sweden (X units) and Spain (X units) represented roughly X% of total imports in 2023. Germany (X units) held the next position in the ranking, followed by Slovakia (X units) and Portugal (X units). All these countries together held near X% share of total imports. The following importers - France (X units) and Romania (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Spain ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform