Germany: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Germany

In 2022, the German gouges and chisels market decreased by -12.2% to $X for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Gouges And Chisels Production in Germany

In value terms, gouges and chisels production reduced markedly to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, production attained the peak level of $X, and then contracted markedly in the following year.

Gouges And Chisels Exports

Exports from Germany

In 2022, the amount of planes, chisels and gouges for working wood exported from Germany dropped modestly to X tons, which is down by -3.4% on 2021 figures. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gouges and chisels exports dropped to $X in 2022. Overall, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Poland (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of gouges and chisels exports from Germany, with a combined 32% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Switzerland ($X) were the largest markets for gouges and chisels exported from Germany worldwide, together comprising 29% of total exports. Austria, the United States, Poland, Italy, Spain, the Czech Republic, Belgium, the UK, Denmark and Hungary lagged somewhat behind, together accounting for a further 50%.

In terms of the main countries of destination, Poland, with a CAGR of +18.6%, saw the highest rates of growth with regard to 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 gouges and chisels export price stood at $X per ton in 2022, with a decrease of -6.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Germany

After two years of growth, purchases abroad of planes, chisels and gouges for working wood decreased by -13.1% to X tons in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, gouges and chisels imports shrank to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gouges and chisels supplier to Germany, accounting for a 70% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.2% per year) and the Czech Republic (+3.6% per year).

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to Germany, comprising 39% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 10% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+1.8% per year) and the UK (+25.2% per year).

Import Prices by Country

In 2022, the average gouges and chisels import price amounted to $X per ton, picking up by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2021 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :