Germany: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Germany

In 2022, the German grinding and sharpening machine market decreased by -2% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption, however, saw a prominent increase. Grinding and sharpening machine consumption peaked at $X in 2021, and then shrank slightly in the following year.

Production of Grinding And Sharpening Metal Finishing Machines in Germany

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 275% against the previous year. Grinding and sharpening machine production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Germany

In 2022, overseas shipments of grinding and sharpening metal finishing machines decreased by -31.9% to X units, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports dropped to $X in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units), the Netherlands (X units) and Spain (X units) were the main destinations of grinding and sharpening machine exports from Germany, together accounting for 65% of total exports. Poland, the Czech Republic, France and Slovakia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +7.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Germany were France ($X), Poland ($X) and Austria ($X), together accounting for 18% of total exports. The Czech Republic, Spain, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 9.5%.

In terms of the main countries of destination, the Netherlands, with a CAGR of -3.2%, 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 a decline.

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, picking up by 46% against the previous year. Overall, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 82%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Germany

After two years of growth, purchases abroad of grinding and sharpening metal finishing machines decreased by -38.9% to X units in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 44% against the previous year. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, grinding and sharpening machine imports reduced to $X in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest grinding and sharpening machine supplier to Germany, with a 83% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. The third position in this ranking was taken by Sweden (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.5% per year) and Sweden (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Germany, comprising 23% of total imports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total imports. It was followed by Sweden, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Sweden (-3.9% per year).

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, picking up by 55% against the previous year. In general, the import price, however, saw a abrupt downturn. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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