Germany: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Germany

In 2021, the German wood bending machine market increased by 5.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed strong growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Production in Germany

In value terms, wood bending machine production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Wood Bending Machine Exports

Exports from Germany

In 2021, shipments abroad of bending or assembling machines decreased by -10.3% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a deep slump. The growth pace was the most rapid in 2013 with an increase of 43%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood bending machine exports reached $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wood bending machine exports from Germany, accounting for a 19% share of total exports. Moreover, wood bending machine exports to the United States exceeded the volume sent to the second major destination, Slovenia (X units), twofold. The third position in this ranking was taken by China (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+80.3% per year) and China (-0.3% per year).

In value terms, the United States ($X), Turkey ($X) and Poland ($X) were the largest markets for wood bending machine exported from Germany worldwide, together comprising 45% of total exports. These countries were followed by Slovenia, China, Russia, Brazil, Italy, Tunisia, Austria, Switzerland, Hungary and Romania, which together accounted for a further 33%.

Among the main countries of destination, Slovenia, with a CAGR of +101.0%, saw 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

The average wood bending machine export price stood at $X per unit in 2021, increasing by 18% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 60% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Germany

In 2021, the amount of bending or assembling machines imported into Germany amounted to X units, growing by 15% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 61%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, wood bending machine imports soared to $X in 2021. Overall, imports recorded a resilient expansion. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X units), Denmark (X units) and Italy (X units) were the main suppliers of wood bending machine imports to Germany, with a combined 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of bending or assembling machines to Germany, comprising 52% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Denmark, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Austria stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and Denmark (+55.7% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, increasing by 23% against the previous year. In general, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($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 (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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