Germany: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Germany

The German balancing mechanical parts machine market soared to $X in 2021, with an increase of 43% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Balancing mechanical parts machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Machines For Balancing Mechanical Parts in Germany

In value terms, balancing mechanical parts machine production declined to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 20%. Balancing mechanical parts machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Germany

In 2021, approx. X units of machines for balancing mechanical parts were exported from Germany; which is down by -16.4% on the previous year's figure. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports reduced to $X in 2021. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 63%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and Poland (X units) were the main destinations of balancing mechanical parts machine exports from Germany, with a combined 31% share of total exports. These countries were followed by Austria, Switzerland, France, Australia, the Netherlands, Russia, the Czech Republic, Singapore, Italy and the UK, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +10.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for balancing mechanical parts machine exported from Germany were the United States ($X), China ($X) and Singapore ($X), together comprising 50% of total exports. Russia, Poland, Austria, the UK, Switzerland, Australia, the Czech Republic, France, Italy and the Netherlands lagged somewhat behind, together accounting for a further 25%.

Australia, with a CAGR of +12.7%, saw 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

The average balancing mechanical parts machine export price stood at $X per unit in 2021, increasing by 3.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the Netherlands ($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 the United States (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Germany

In 2021, supplies from abroad of machines for balancing mechanical parts increased by 16% to X units, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine imports surged to $X in 2021. In general, imports, however, saw a noticeable reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest balancing mechanical parts machine supplier to Germany, with a 65% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The United States (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.3% per year) and the United States (+22.8% per year).

In value terms, Italy ($X), China ($X) and the United States ($X) constituted the largest balancing mechanical parts machine suppliers to Germany, together accounting for 90% of total imports.

Among the main suppliers, the United States, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average balancing mechanical parts machine import price stood at $X per unit in 2021, rising by 13% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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