Germany: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Germany

The German machine-tool for working metal market expanded to $X in 2021, picking up by 3.6% against the previous year. Over the period under review, consumption saw a mild reduction. 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.

Production of Machine Tools For Working Metal in Germany

In value terms, machine-tool for working metal production contracted rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Machine-tool for working metal production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Germany

In 2021, after two years of decline, there was growth in overseas shipments of machine tools for working metal, when their volume increased by 4.9% to X units. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports stood at $X in 2021. Over the period under review, exports, however, recorded a perceptible curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), China (X units) and the United States (X units) were the main destinations of machine-tool for working metal exports from Germany, with a combined 32% share of total exports. Turkey, Poland, Austria, France, Switzerland, Italy, the Netherlands, Russia, Belgium and the UK lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +5.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Germany were China ($X), the United States ($X) and the Czech Republic ($X), together accounting for 40% of total exports. Austria, Poland, Italy, France, Russia, the UK, the Netherlands, Switzerland, Turkey and Belgium lagged somewhat behind, together comprising a further 32%.

Italy, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working metal export price amounted to $X per unit, with an increase of 9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Turkey ($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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Germany

In 2021, purchases abroad of machine tools for working metal increased by 8.2% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working metal imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Switzerland (X units) were the main suppliers of machine-tool for working metal imports to Germany, with a combined 39% share of total imports. Turkey, Austria, Belgium, the Netherlands, France, Japan, Sweden, the Czech Republic, South Korea and Spain lagged somewhat behind, together comprising a further 49%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Switzerland ($X) and Austria ($X) were the largest machine-tool for working metal suppliers to Germany, with a combined 48% share of total imports. Belgium, China, the Netherlands, France, Japan, Sweden, Turkey, Spain, South Korea and the Czech Republic lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, Sweden, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2021, rising by 15% against the previous year. Overall, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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