Germany: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Germany

The German wood milling machine market dropped markedly to $X in 2021, which is down by -31.6% against the previous year. Overall, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Wood Milling Machine Production in Germany

In value terms, wood milling machine production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wood Milling Machine Exports

Exports from Germany

For the seventh year in a row, Germany recorded growth in shipments abroad of planing, milling or moulding machines, which increased by 65% to X units in 2021. In general, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.5% against 2019 indices. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Poland (X units) and the Czech Republic (X units) were the main destinations of wood milling machine exports from Germany, with a combined 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +55.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from Germany were France ($X), Austria ($X) and Poland ($X), together accounting for 22% of total exports. The UK, Italy, the Netherlands, Switzerland, Belgium, Estonia, Romania, the Czech Republic, Hungary and Slovakia lagged somewhat behind, together comprising a further 34%.

The Netherlands, with a CAGR of +12.7%, recorded the highest growth rate of 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 wood milling machine export price stood at $X per unit in 2021, which is down by -19% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Czech Republic ($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 Slovakia (-1.6%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Germany

Wood milling machine imports into Germany dropped to X units in 2021, therefore, remained relatively stable against 2020 figures. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, wood milling machine imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Germany, accounting for a 71% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Austria (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.1% per year) and Austria (+57.2% per year).

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Germany, comprising 36% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.1% per year) and Italy (+5.8% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, growing by 42% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The import price peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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