Europe: 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 Europe

In 2023, the Europe machine-tool for removing material market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2022, and then fell in the following year.

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

In value terms, machine-tool for removing material production skyrocketed to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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

Exports in Europe

In 2023, the amount of machine-tools for working any material by removal of material exported in Europe surged to X units, growing by X% on the year before. In general, exports posted a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material exports rose remarkably to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) and the UK (X units) represented roughly X% of total exports in 2023. It was distantly followed by Spain (X units) and Italy (X units), together achieving an X% share of total exports. Germany (X units), France (X units), Poland (X units), Greece (X units), Belgium (X units) and Sweden (X units) took a minor share of total exports.

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

In value terms, Germany ($X) remains the largest machine-tool for removing material supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, waning by X% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

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

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

Imports in Europe

In 2023, overseas purchases of machine-tools for working any material by removal of material increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X units in 2015; afterwards, it flattened through to 2023.

In value terms, machine-tool for removing material imports reached $X in 2023. Total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Greece represented the key importing country with an import of around X units, which amounted to X% of total imports. The Netherlands (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%), Russia (X%) and Belgium (X%). The following importers - Poland (X units) and France (X units) - each finished at a X% share of total imports.

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

In value terms, Russia ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Poland, Belgium, Spain and Greece lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Spain, with a CAGR of X%, recorded 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

The import price in Europe stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 France ($X per unit), while Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform