Germany: Wood Tool Market 2024

Wood Tool Market Size in Germany

In 2021, the German wood tool market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Tool Production in Germany

In value terms, wood tool production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 27%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wood Tool Exports

Exports from Germany

In 2021, after two years of decline, there was significant growth in shipments abroad of tools of wood, when their volume increased by 23% to X tons. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Austria (X tons) and Belgium (X tons) were the main destinations of wood tool exports from Germany, with a combined 46% share of total exports. Switzerland, the Netherlands, Poland, the UK, the Czech Republic, Italy, Russia, Hungary, Luxembourg and Sweden lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +8.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood tool exported from Germany were France ($X), Belgium ($X) and Austria ($X), with a combined 45% share of total exports. Switzerland, the Netherlands, Poland, the UK, Italy, the Czech Republic, Russia, Luxembourg, Hungary and Sweden lagged somewhat behind, together accounting for a further 40%.

The UK, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 wood tool export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Germany

In 2021, after two years of decline, there was significant growth in supplies from abroad of tools of wood, when their volume increased by 11% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood tool imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of wood tool imports to Germany, with a combined 54% share of total imports. Poland, China, Slovakia, Austria, the Czech Republic, Lithuania, Slovenia, Latvia, Belgium and Switzerland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Brazil ($X) appeared to be the largest wood tool suppliers to Germany, together comprising 39% of total imports. These countries were followed by Ukraine, Poland, the Czech Republic, Slovakia, Austria, Slovenia, Lithuania, Belgium, Latvia and Switzerland, which together accounted for a further 43%.

In terms of the main suppliers, Poland, with a CAGR of +15.1%, 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 wood tool import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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