EU: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in the EU

The EU wood milling machine market surged to $X in 2021, picking up by 54% against the previous year. In general, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Wood Milling Machine Production in the EU

In value terms, wood milling machine production reached $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 9.9%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wood Milling Machine Exports

Exports in the EU

Wood milling machine exports skyrocketed to X units in 2021, with an increase of 24% against 2020. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 34%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, wood milling machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) and Germany (X units) represented roughly 62% of total exports in 2021. Belgium (X units) took the next position in the ranking, followed by Austria (X units), Poland (X units) and Italy (X units). All these countries together held near 29% share of total exports. Spain (X units) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest wood milling machine supplier in the European Union, comprising 46% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +2.9%. In the other countries, the average annual rates were as follows: Italy (+0.7% per year) and Austria (+9.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, picking up by 6.3% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Italy (+7.3%), while the other leaders experienced more modest paces of growth.

Wood Milling Machine Imports

Imports in the EU

Wood milling machine imports surged to X units in 2021, growing by 37% against 2020 figures. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 45%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, wood milling machine imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of wood milling machine imports in 2021 were Germany (X units), the Netherlands (X units) and Belgium (X units), together reaching 53% of total import. Austria (X units) ranks next in terms of the total imports with an 8.7% share, followed by France (8.5%), Poland (5.4%) and Slovakia (5.3%).

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +42.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 39% of total imports. Poland, France, Slovakia and the Netherlands lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Slovakia, with a CAGR of +23.5%, saw 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, rising by 8.3% against the previous year. In general, the import price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2013 when the import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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