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China - Planing, Milling Or Moulding Machines - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Planing, Milling Or Moulding Machines - Market Analysis, Forecast, Size, Trends And Insights

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Apr 25, 2023

China Sees Drastic Reduction in Wood Milling Machine Exports to $13M in February 2023

China Wood Milling Machine Exports

In February 2023, approximately 32K units of planing, milling or moulding machines were exported from China; falling by -17.4% on January 2023 figures. Over the period under review, exports showed a slight curtailment. The pace of growth was the most pronounced in September 2022 when exports increased by 85% against the previous month. As a result, the exports reached the peak of 104K units. From October 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, wood milling machine exports contracted dramatically to $13M (IndexBox estimates) in February 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 60% m-o-m. The exports peaked at 30M units in July 2022; however, from August 2022 to February 2023, the exports remained at a lower figure.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Value of Wood Milling Machine in China (thousand USD)
Russia1,6669199961,5652,0752,3223,0152,2462,9812,8352,5013,0952,494
Germany1,3271,6301,0362,0362,1362,4281,4051,3939351,6147158421,158
United States1,6353,3732,3312,6154,4091,4832,8771,7283,1081,9673,0401,592980
Austria1,0017961,0401,6018119537946755015031,226735678
Mexico183376378590527883829657546552566448393
Canada1565572,248738342782409469906889656851366
Belgium143948750127166280124157126101117206286
Australia243467256705847814578920801246660325239
United Kingdom2619978154804341,42375614882.5132430134209
France110834289711420324234348117202159162182
Netherlands4230.21484201,0443342622,22112015811338.0172
Poland93052345174016359125033432.213715620675.2
Others5,79110,80812,19413,18315,91117,80211,87411,36912,51010,69411,93710,8355,869
Total13,86922,22722,93425,51129,28530,42023,40722,66522,76620,03222,27719,47013,101

Exports by Country

Russia (7.2K units), Germany (5.7K units) and the United States (4.7K units) were the main destinations of wood milling machine exports from China, with a combined 56% share of total exports. The Netherlands, Belgium, Canada, Australia, France, Mexico, the UK, Austria and Poland lagged somewhat behind, together comprising a further 33%.

From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($2.5M) remains the key foreign market for wood milling machine exports from China, comprising 19% of total exports. The second position in the ranking was held by Germany ($1.2M), with an 8.8% share of total exports. It was followed by the United States, with a 7.5% share.

From February 2022 to February 2023, the average monthly growth rate of value to Russia stood at +3.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-1.1% per month) and the United States (-4.2% per month).

Export Prices by Country

In February 2023, the wood milling machine price amounted to $415 per unit (FOB, China), with a decrease of -18.6% against the previous month. In general, export price indicated a modest increase from February 2022 to February 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, wood milling machine export price decreased by -18.6% against January 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 78% m-o-m. The export price peaked at $510 per unit in January 2023, and then fell dramatically in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($907 per unit), while the average price for exports to the Netherlands ($78.8 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wood milling machine market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28491250 - Planing, milling or moulding (by cutting) machines for working wood, cork, bone, hard rubber, hard plastics or similar hard materials

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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