Germany: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Germany

In 2021, the German metal broaching machine market decreased by -33.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, showed a resilient increase. Metal broaching machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in Germany

In value terms, metal broaching machine production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Metal Broaching Machine Exports

Exports from Germany

In 2021, metal broaching machine exports from Germany soared to X units, picking up by 223% compared with 2020. Over the period under review, exports, however, continue to indicate a precipitous curtailment. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports contracted notably to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 62% 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 metal broaching machine exports from Germany, with a 50% share of total exports. Moreover, metal broaching machine exports to the United States exceeded the volume sent to the second major destination, Canada (X units), twofold. The third position in this ranking was taken by Mexico (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-23.1% per year) and Mexico (-20.5% per year).

In value terms, the largest markets for metal broaching machine exported from Germany were China ($X), the United States ($X) and Canada ($X), with a combined 72% share of total exports. These countries were followed by Mexico, Slovenia, India, the UK, Finland and Russia, which together accounted for a further 12%.

Mexico, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, dropping by -80.3% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 19,115% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 India (+100.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Germany

Metal broaching machine imports into Germany soared to X units in 2021, growing by 425% against 2020 figures. Overall, imports, however, saw a dramatic decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports surged to $X in 2021. Over the period under review, imports posted measured growth. The pace of growth appeared the most rapid in 2015 when imports increased by 209%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) was the main metal broaching machine supplier to Germany, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +98.9%.

In value terms, China ($X) constituted the largest supplier of broaching machines for working metal to Germany, comprising 42% of total imports. The second position in the ranking was held by Italy ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +227.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.3% per year) and Taiwan (Chinese) (+9.0% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, falling by -72.4% against the previous year. Over the period under review, the import price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 3,019% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+156.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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