Europe: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Europe

The Europe wood bending machine market expanded sharply to $X in 2021, with an increase of 7.1% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +51.9% against 2019 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Wood Bending Machine Production in Europe

In value terms, wood bending machine production dropped to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 56%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Wood Bending Machine Exports

Exports in Europe

Wood bending machine exports declined to X units in 2021, with a decrease of -8.5% compared with the previous year's figure. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 29%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Austria (X units), France (X units) and Italy (X units) represented roughly 67% of total exports in 2021. It was distantly followed by the UK (X units), comprising a 6.9% share of total exports. Spain (X units), Finland (X units), Belgium (X units), the Netherlands (X units) and the Czech Republic (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +25.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood bending machine supplying countries in Europe were Germany ($X), Austria ($X) and Italy ($X), with a combined 78% share of total exports. These countries were followed by Finland, Spain, France, the Czech Republic, Belgium, the UK and the Netherlands, which together accounted for a further 10%.

In terms of the main exporting countries, Finland, with a CAGR of +67.8%, recorded 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

The export price in Europe stood at $X per unit in 2021, surging by 30% against the previous year. Overall, the export price recorded strong growth. The growth pace was the most rapid in 2017 when the export price increased by 73%. The level of export peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+33.7%), while the other leaders experienced more modest paces of growth.

Wood Bending Machine Imports

Imports in Europe

In 2021, imports of bending or assembling machines in Europe skyrocketed to X units, growing by 61% on the previous year's figure. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, wood bending machine imports expanded rapidly to $X in 2021. Total imports indicated prominent 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, imports increased by +11.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 32%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units) and Spain (X units) prevails in imports structure, together constituting 73% of total imports. The Netherlands (X units) ranks next in terms of the total imports with a 5.3% share, followed by Russia (5.1%). The following importers - Belgium (X units), Denmark (X units) and France (X units) - together made up 7.8% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported bending or assembling machines in Europe, comprising 30% of total imports. The second position in the ranking was taken by the UK ($X), with a 5.9% share of total imports. It was followed by Spain, with a 4.6% share.

In Russia, wood bending machine imports expanded at an average annual rate of +12.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+17.1% per year) and Spain (+32.8% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, waning by -34.3% against the previous year. Overall, the import price continues to indicate a noticeable slump. The growth pace was the most rapid in 2013 when the import price increased by 105%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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 Russia ($X per unit), while the Netherlands ($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 (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform