EU: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in the EU

The EU machine-tool for working wood market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Production of Machine-Tools For Working Wood in the EU

In value terms, machine-tool for working wood production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports in the EU

Machine-tool for working wood exports rose remarkably to X tons in 2021, growing by 15% compared with 2020 figures. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.2% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 19% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, machine-tool for working wood exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the key exporting country with an export of around X tons, which resulted at 49% of total exports. Germany (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Italy (14%) and Austria (4.9%). The following exporters - Poland (X tons), Belgium (X tons) and Spain (X tons) - each finished at a 5.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working wood exports from the Netherlands stood at +8.6%. At the same time, Poland (+10.1%), Belgium (+9.3%), Austria (+4.8%) and Spain (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.1% from 2012-2021. Germany and Italy experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working wood supplying countries in the European Union were Germany ($X), Italy ($X) and Austria ($X), with a combined 77% share of total exports. These countries were followed by the Netherlands, Spain, Poland and Belgium, which together accounted for a further 8.8%.

Among the main exporting countries, the Netherlands, with a CAGR of +17.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 5.6% against the previous year. In general, the export price, however, recorded a mild contraction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports in the EU

In 2021, purchases abroad of machine-tools for working wood increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, machine-tool for working wood imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands dominates imports structure, resulting at X tons, which was near 64% of total imports in 2021. It was distantly followed by Germany (X tons), comprising an 8.9% share of total imports. Belgium (X tons), France (X tons), Italy (X tons), Austria (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working wood imports into the Netherlands stood at +15.2%. At the same time, Belgium (+15.4%), Poland (+7.2%), Austria (+6.6%), Germany (+6.1%), Italy (+4.9%) and France (+4.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +15.4% from 2012-2021. While the share of the Netherlands (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Italy (-2 p.p.), France (-2.3 p.p.) and Germany (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. These countries were followed by the Netherlands, Italy, Austria and Belgium, which together accounted for a further 28%.

The Netherlands, with a CAGR of +15.9%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the import price in the European Union amounted to $X per ton, picking up by 9.6% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 Poland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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