Europe: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Europe

The Europe wood milling machine market skyrocketed to $X in 2021, rising by 38% against the previous year. In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Wood Milling Machine Production in Europe

In value terms, wood milling machine production fell to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wood Milling Machine Exports

Exports in Europe

Wood milling machine exports soared to X units in 2021, increasing by 28% compared with the previous year's figure. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, wood milling machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 53% of total exports in 2021. The UK (X units) ranks next in terms of the total exports with a 12% share, followed by Belgium (11%), Austria (5.3%) and Poland (4.9%). Italy (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest wood milling machine supplier in Europe, comprising 45% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Austria, with a 12% share.

In Germany, wood milling machine exports expanded at an average annual rate of +2.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.7% per year) and Austria (+9.0% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, picking up by 1.8% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2016 when the export price increased by 11%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the other leaders experienced more modest paces of growth.

Wood Milling Machine Imports

Imports in Europe

In 2021, overseas purchases of planing, milling or moulding machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units), Belgium (X units), the UK (X units), Austria (X units), France (X units) and Russia (X units) represented roughly 72% of total imports in 2021. Poland (X units), Slovakia (X units), the Czech Republic (X units), Italy (X units) and Spain (X units) held a relatively small share of total imports.

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 ($X), Russia ($X) and Austria ($X) were the countries with the highest levels of imports in 2021, together comprising 35% of total imports. Belgium, Poland, France, the UK, Slovakia, the Netherlands, Italy, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 40%.

Slovakia, with a CAGR of +23.5%, saw 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 Europe amounted to $X per unit, with an increase of 7.9% against the previous year. Overall, the import price, however, saw a pronounced reduction. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Spain (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform