Europe: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Europe

The Europe balancing mechanical parts machine market declined modestly to $X in 2023, remaining constant against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Machines For Balancing Mechanical Parts in Europe

In value terms, balancing mechanical parts machine production declined slightly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Exports of Machines For Balancing Mechanical Parts

Exports in Europe

In 2023, approx. X units of machines for balancing mechanical parts were exported in Europe; approximately equating the previous year's figure. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, balancing mechanical parts machine exports rose remarkably to $X in 2023. In general, exports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy represented the largest exporter of machines for balancing mechanical parts in Europe, with the volume of exports recording X units, which was approx. X% of total exports in 2023. The UK (X units) held the second position in the ranking, followed by Sweden (X units), Germany (X units) and Poland (X units). All these countries together held near X% share of total exports. Spain (X units) took a minor share of total exports.

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

In value terms, the largest balancing mechanical parts machine supplying countries in Europe were Italy ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports. Poland, Spain and Sweden lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 ($X per unit), while Sweden ($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.

Imports of Machines For Balancing Mechanical Parts

Imports in Europe

In 2023, approx. X units of machines for balancing mechanical parts were imported in Europe; increasing by X% on 2022 figures. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, balancing mechanical parts machine imports amounted to $X in 2023. Overall, imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X units), distantly followed by Russia (X units), Poland (X units), the UK (X units), Spain (X units) and France (X units) represented the major importers of machines for balancing mechanical parts, together comprising X% of total imports. The following importers - Italy (X units), Belgium (X units), the Czech Republic (X units), Sweden (X units), the Netherlands (X units), Switzerland (X units) and Norway (X units) - together made up X% of total imports.

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

In value terms, Germany ($X), the UK ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Czech Republic, France, Poland, Italy, Spain, Switzerland, the Netherlands, Belgium, Sweden and Norway lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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, declining by X% against the previous year. Overall, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform