Germany: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Germany

The German wood drilling machine market reduced to $X in 2021, declining by -11% against the previous year. Over the period under review, consumption, however, showed a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in Germany

In value terms, wood drilling machine production stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.5% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wood Drilling Machine Exports

Exports from Germany

Wood drilling machine exports from Germany fell significantly to X units in 2021, waning by -17.4% compared with the previous year's figure. Overall, exports recorded a precipitous decline. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports reduced to $X in 2021. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 54%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Poland (X units) and Austria (X units) were the main destinations of wood drilling machine exports from Germany, together comprising 32% of total exports. France, Thailand, Denmark, Italy, the Netherlands, Canada, South Korea, Belgium, Saudi Arabia and Slovenia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +42.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for drilling or morticing machines exports from Germany, comprising 59% of total exports. The second position in the ranking was held by Poland ($X), with a 4.7% share of total exports. It was followed by Italy, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.1% per year) and Italy (+18.1% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, picking up by 13% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 543% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Denmark ($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 China (+84.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Germany

In 2021, imports of drilling or morticing machines into Germany shrank rapidly to X units, waning by -59.1% compared with the year before. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 310% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest wood drilling machine supplier to Germany, with a 80% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was taken by Switzerland (X units), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.6% per year) and Switzerland (-11.1% per year).

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Germany, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 9.7% share of total imports. It was followed by Austria, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.0% per year) and Austria (+2.6% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, growing by 235% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 437%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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 Austria ($X per unit), while the price for the Netherlands ($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 UK (+58.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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