Germany: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Germany

In 2021, the German metal honing machine market increased by 4.5% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption showed resilient growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Metal Honing Machine Production in Germany

In value terms, metal honing machine production dropped to $X in 2021 estimated in export price. Overall, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2.9% against the previous year. Metal honing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Honing Machine Exports

Exports from Germany

In 2021, overseas shipments of honing or lapping machines for working metal decreased by -8.5% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 54% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal honing machine exports reduced rapidly to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units), Italy (X units) and South Korea (X units) were the main destinations of metal honing machine exports from Germany, together accounting for 46% of total exports. China, France, Austria, Mexico, India, Switzerland, the United States, Romania, Poland and Belgium lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +31.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for honing or lapping machines for working metal exports from Germany, comprising 38% of total exports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.1% per year) and France (+2.1% per year).

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2021, with a decrease of -14.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Switzerland ($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 (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Honing Machine Imports

Imports into Germany

In 2021, overseas purchases of honing or lapping machines for working metal were finally on the rise to reach X units after two years of decline. In general, imports recorded a noticeable increase. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal honing machine imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild contraction. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Switzerland (X units), Denmark (X units) and Italy (X units) were the main suppliers of metal honing machine imports to Germany, with a combined 52% share of total imports. These countries were followed by the United States, France, China and the UK, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +30.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of honing or lapping machines for working metal to Germany, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by the UK, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and the UK (+5.5% per year).

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, with an increase of 47% against the previous year. In general, the import price, however, recorded a abrupt decline. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Denmark ($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 Czech Republic (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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