EU: Working Wire Machine Market 2024

Working Wire Machine Market Size in the EU

The EU working wire machine market skyrocketed to $X in 2022, jumping by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Working Wire Machine Production in the EU

In value terms, working wire machine production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Working Wire Machine Exports

Exports in the EU

In 2022, approx. X units of machines for working wire were exported in the European Union; reducing by X% against the previous year's figure. Overall, exports showed a slight descent. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, working wire machine exports stood at $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X units) was the major exporter of machines for working wire, comprising X% of total exports. Austria (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%) and the Netherlands (X%). France (X units), Greece (X units), Slovenia (X units), Croatia (X units), Spain (X units), Belgium (X units), Hungary (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to working wire machine exports from Italy stood at X%. At the same time, the Netherlands (X%), Hungary (X%), Poland (X%), Slovenia (X%), Greece (X%), Croatia (X%), France (X%) and Austria (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Denmark (X%), Spain (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, the Netherlands, Austria, Slovenia, Greece, Hungary, France and Croatia increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest working wire machine supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

In Italy, working wire machine exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Austria (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price showed a temperate expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Working Wire Machine Imports

Imports in the EU

In 2022, overseas purchases of machines for working wire decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a notable expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, working wire machine imports declined sharply to $X in 2022. In general, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

Italy (X units) and Germany (X units) represented roughly X% of total imports in 2022. The Netherlands (X units) took the next position in the ranking, followed by Poland (X units), Belgium (X units), Sweden (X units), France (X units) and Austria (X units). All these countries together held approx. X% share of total imports. The following importers - Spain (X units), Romania (X units), Lithuania (X units), Portugal (X units) and Denmark (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported machines for working wire in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Germany, working wire machine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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