Germany: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Germany

The German machine-tool for removing material market fell remarkably to $X in 2021, shrinking by -26.2% against the previous year. In general, consumption saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Germany

In value terms, machine-tool for removing material production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a precipitous decline. Machine-tool for removing material production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Germany

In 2021, shipments abroad of machine-tools for working any material by removal of material increased by 48% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Poland (X units) were the main destinations of machine-tool for removing material exports from Germany, together accounting for 29% of total exports. France, Italy, Austria, the Netherlands, Japan, Switzerland, Spain, the Czech Republic, India and Turkey lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Germany were China ($X), the United States ($X) and Poland ($X), together comprising 33% of total exports. These countries were followed by Italy, France, Austria, the Netherlands, the Czech Republic, Spain, Japan, Switzerland, Turkey and India, which together accounted for a further 36%.

In terms of the main countries of destination, Italy, with a CAGR of +10.5%, saw the highest growth rate of 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 machine-tool for removing material export price stood at $X per unit in 2021, dropping by -15.1% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.6%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 Switzerland (-10.6%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Germany

In 2021, purchases abroad of machine-tools for working any material by removal of material decreased by -3% to X units, falling for the second year in a row after three years of growth. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 67% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Switzerland (X units) and Italy (X units) were the main suppliers of machine-tool for removing material imports to Germany, with a combined 51% share of total imports. These countries were followed by China, the Netherlands, Austria, France, the UK, Taiwan (Chinese), Belgium, the United States, South Korea and Poland, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +24.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Germany, comprising 59% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.2% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.0% per year) and China (+14.8% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, picking up by 28% against the previous year. Overall, the import price enjoyed significant growth. The pace of growth appeared the most rapid in 2015 an increase of 154%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 Switzerland ($X per unit), while the price for the UK ($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 United States (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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