EU: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in the EU

The EU market for fully or partly automatic electric machines for arc welding of metals declined dramatically to $X in 2023, reducing by X% against the previous year. The total consumption indicated a perceptible 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 2021 indices. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in the EU

In value terms, production of fully or partly automatic electric machines for arc welding of metals dropped to $X in 2023 estimated in export price. Overall, production, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in the EU

In 2023, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported in the European Union; reducing by X% against the previous year. In general, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals rose markedly 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, Germany (X units), distantly followed by Austria (X units), Hungary (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units), Sweden (X units), Finland (X units) and Poland (X units) were the key exporters of fully or partly automatic electric machines for arc welding of metals, together achieving X% of total exports.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Sweden (X%), Hungary (X%), Poland (X%) and the Czech Republic (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 2012-2023. Italy experienced a relatively flat trend pattern. By contrast, Austria (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Hungary (X p.p.), Sweden (X p.p.), the Czech Republic (X p.p.), Italy (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Finland, the Netherlands, the Czech Republic, Hungary, Sweden and Poland lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw 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

The export price in the European Union stood at $X per unit in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while Hungary ($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 Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in the EU

After two years of growth, purchases abroad of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units in 2023. Overall, imports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2022, and then fell significantly in the following year.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals amounted to $X in 2023. Total imports indicated a noticeable expansion 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%. Over the period under review, imports of reached the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of imports of fully or partly automatic electric machines for arc welding of metals in 2023 were Poland (X units), Germany (X units), the Czech Republic (X units), Austria (X units), France (X units), Romania (X units), the Netherlands (X units), Italy (X units), Hungary (X units), Spain (X units) and Belgium (X units), together resulting at X% of total import. Ireland (X units) held a minor share of total imports.

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

In value terms, the largest fully or partly automatic arc welding machine importing markets in the European Union were Germany ($X), Poland ($X) and Italy ($X), together accounting for X% of total imports. France, Austria, the Netherlands, the Czech Republic, Romania, Hungary, Spain, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

Ireland, 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

In 2023, the import price in the European Union amounted to $X per unit, jumping by X% against the previous year. Import price indicated a notable expansion from 2012 to 2023: its price 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. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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 Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform