China: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in China

In 2021, the Chinese wood milling machine market decreased by -14.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.0% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Wood Milling Machine Production in China

In value terms, wood milling machine production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 84% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Wood Milling Machine Exports

Exports from China

Wood milling machine exports from China declined to X units in 2021, shrinking by -12.5% against the year before. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, wood milling machine exports skyrocketed to $X in 2021. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 294%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and Russia (X units) were the main destinations of wood milling machine exports from China, together comprising 48% of total exports. The Netherlands, Canada, the UK, Austria, France, Australia, Brazil, Mexico, Belgium and Poland lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from China were the United States ($X), Russia ($X) and Germany ($X), together accounting for 26% of total exports. Austria, Canada, the UK, Mexico, Australia, Brazil, France, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +27.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, with an increase of 46% against the previous year. Over the period under review, the export price recorded measured growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 227% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into China

In 2021, purchases abroad of planing, milling or moulding machines decreased by -1.8% to X units, falling for the fourth year in a row after two years of growth. Overall, imports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2017 when imports increased by 98% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood milling machine imports shrank to $X in 2021. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and Denmark (X units) were the main suppliers of wood milling machine imports to China, together comprising 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +40.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of planing, milling or moulding machines to China, comprising 49% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.3% per year) and Italy (+3.2% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, with a decrease of -6.2% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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