Europe: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Europe

The Europe wood drilling machine market totaled $X in 2021, increasing by 2.5% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Europe

In value terms, wood drilling machine production surged to $X in 2021 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by 134% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports in Europe

In 2021, shipments abroad of drilling or morticing machines decreased by -26.7% to X units, falling for the third year in a row after three years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 49%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports reached $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X units) represented the major exporter of drilling or morticing machines, making up 33% of total exports. It was distantly followed by Italy (X units), Hungary (X units), Spain (X units), Poland (X units), Belgium (X units) and the Czech Republic (X units), together committing a 46% share of total exports. France (X units), Germany (X units), Austria (X units), Sweden (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wood drilling machine exports from the Netherlands stood at +30.5%. At the same time, Spain (+30.8%), the Czech Republic (+26.7%), Poland (+16.5%), Hungary (+10.7%), Belgium (+9.0%), France (+8.8%) and Austria (+3.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +30.8% from 2012-2021. By contrast, Italy (-2.6%), the UK (-9.6%), Sweden (-11.6%) and Germany (-31.0%) illustrated a downward trend over the same period. The Netherlands (+31 p.p.), Hungary (+7.3 p.p.), Spain (+6.2 p.p.), the Czech Republic (+5.6 p.p.), Poland (+5.3 p.p.), Belgium (+4.3 p.p.), France (+3 p.p.), Italy (+2.2 p.p.) and Austria (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -67.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Austria ($X) were the countries with the highest levels of exports in 2021, with a combined 96% share of total exports. These countries were followed by Belgium, Poland, France, the Netherlands, Spain, Sweden, Hungary, the Czech Republic and the UK, which together accounted for a further 1.8%.

Among the main exporting countries, the Netherlands, with a CAGR of +9.7%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per unit, increasing by 47% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 when the export price increased by 57% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+56.6%), while the other leaders experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports in Europe

In 2021, overseas purchases of drilling or morticing machines decreased by -34.8% to X units, falling for the second year in a row after two years of growth. In general, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2015 when imports increased by 67% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X units), Poland (X units), France (X units), Russia (X units), Spain (X units), Sweden (X units), the Czech Republic (X units), the Netherlands (X units), Germany (X units), Belgium (X units), Austria (X units) and Bosnia and Herzegovina (X units) represented roughly 83% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood drilling machine importing markets in Europe were Poland ($X), France ($X) and Russia ($X), together comprising 39% of total imports. These countries were followed by Germany, Belgium, Spain, Austria, Sweden, the UK, the Czech Republic, Bosnia and Herzegovina and the Netherlands, which together accounted for a further 34%.

Sweden, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Europe stood at $X per unit in 2021, rising by 83% against the previous year. In general, the import price saw slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform