EU: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in the EU

The EU wood bending machine market rose sharply to $X in 2021, growing by 7.6% against the previous year. The total consumption indicated resilient growth 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, consumption increased by +46.3% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Wood Bending Machine Production in the EU

In value terms, wood bending machine production reduced to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.4% against 2016 indices. The growth pace was the most rapid in 2015 when the production volume increased by 55% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports in the EU

In 2021, the amount of bending or assembling machines exported in the European Union dropped to X units, falling by -12.6% against the previous year's figure. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 31% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wood bending machine exports soared to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Germany (X units), Austria (X units), France (X units) and Italy (X units), together accounting for 75% of total export. Spain (X units), Finland (X units), Belgium (X units), the Netherlands (X units), the Czech Republic (X units), Slovenia (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +25.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 78% of total exports. These countries were followed by Slovenia, Finland, Denmark, Spain, France, the Czech Republic, Belgium and the Netherlands, which together accounted for a further 20%.

Finland, with a CAGR of +67.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, with an increase of 37% against the previous year. In general, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the export price increased by 63% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+45.9%), while the other leaders experienced more modest paces of growth.

Wood Bending Machine Imports

Imports in the EU

In 2021, wood bending machine imports in the European Union skyrocketed to X units, growing by 27% against 2020. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 135% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, wood bending machine imports reached $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain represented the key importing country with an import of around X units, which reached 62% of total imports. The Netherlands (X units) ranks second in terms of the total imports with a 10% share, followed by Belgium (8%). Denmark (X units), France (X units), Bulgaria (X units), Italy (X units) and Germany (X units) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the bending or assembling machines imports, with a CAGR of +83.8% from 2012 to 2021. At the same time, Denmark (+61.2%), France (+6.5%) and Italy (+3.1%) displayed positive paces of growth. Germany and Belgium experienced a relatively flat trend pattern. By contrast, Bulgaria (-4.7%) and the Netherlands (-6.9%) illustrated a downward trend over the same period. While the share of Spain (+61 p.p.) and Denmark (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Germany (-2 p.p.), Bulgaria (-5.6 p.p.), Belgium (-9.5 p.p.) and the Netherlands (-31.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 50% share of total imports.

In terms of the main importing countries, Spain, with a CAGR of +32.8%, recorded 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

In 2021, the import price in the European Union amounted to $X per unit, shrinking by -19.3% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 an increase of 108% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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