Europe: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Europe

The Europe metal broaching machine market surged to $X in 2023, increasing by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Metal Broaching Machine Production in Europe

In value terms, metal broaching machine production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, faced a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Metal Broaching Machine Exports

Exports in Europe

In 2023, exports of broaching machines for working metal in Europe declined notably to X units, shrinking by X% on 2022. Over the period under review, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, metal broaching machine exports skyrocketed to $X in 2023. Overall, exports continue to indicate a noticeable downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, the UK (X units) and Italy (X units) represented the largest exporters of broaching machines for working metal in Europe, together making up X% of total exports. Germany (X units) held the next position in the ranking, followed by the Czech Republic (X units) and Denmark (X units). All these countries together took near X% share of total exports. Spain (X units) and Ireland (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

In Germany, metal broaching machine exports contracted by an average annual rate of X% over the period from 2012-2023. 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

In 2023, the export price in Europe amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

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 Europe

In 2023, purchases abroad of broaching machines for working metal increased by X% to X units, rising for the third year in a row after five years of decline. In general, imports showed a measured expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, metal broaching machine imports stood at $X in 2023. Overall, imports, however, continue to indicate a noticeable shrinkage. 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 stood at a somewhat lower figure.

Imports by Country

In 2023, Sweden (X units) and Spain (X units) represented the key importers of broaching machines for working metal in Europe, together resulting at approx. X% of total imports. Germany (X units) held the next position in the ranking, followed by the UK (X units), Slovakia (X units) and Portugal (X units). All these countries together held approx. X% share of total imports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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, the UK ($X), Portugal ($X) and Spain ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 Europe stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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