Which Country Imports the Most Machine-Tools For Working Wood in the World?

Metal-Forming Machinery And Machine Tools May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of machine-tool for working wood imported worldwide stood at 1.2M tonnes, growing by 9% against the previous year level. In general, machine-tool for working wood imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, an increase of 13% from the previous year level. Over the period under review, global machine-tool for working wood imports attained its maximum volume in 2016, and are expected to retain its growth in the immediate term.

In value terms, machine-tool for working wood imports totaled $6.4B in 2016. In general, machine-tool for working wood imports continue to indicate a moderate drop. Global machine-tool for working wood import peaked of $8.6B in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

Top Machine-Tool For Working Wood Importing Countries in the World

1. USA (1,228.7 million USD)

2. Germany (346.2 million USD)

3. China (331.1 million USD)

4. United Kingdom (249.2 million USD)

5. Russia (246.2 million USD)

6. Canada (241.3 million USD)

7. France (217.6 million USD)

8. Austria (137.6 million USD)

9. Indonesia (116.5 million USD)

10. Italy (115.3 million USD)

11. Netherlands (106.8 million USD)

12. Japan (91.6 million USD)

Machine-Tool For Working Wood Imports By Country

In 2016, the Netherlands (269K tonnes), distantly followed by Italy (117K tonnes), China (114K tonnes), the U.S. (111K tonnes), and Germany (110K tonnes) represented the major importers of machine-tool for working wood, together making up 59% of total imports. The following importers - Japan (32K tonnes), Indonesia (31K tonnes), Austria (30K tonnes), Russia (27K tonnes), Canada (22K tonnes), the UK (20K tonnes), and France (19K tonnes) together made up 15% of total imports.

The Netherlands experienced a relatively flat trend pattern. At the same time, China (+8.3%), Indonesia (+7.1%), the U.S. (+2.3%), and Italy (+1.4%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer/exporter in the world, with a CAGR of +8.3% from 2007-2016. Japan, Germany, and Austria experienced a relatively flat trend pattern. By contrast, the UK (-2.7%), Canada (-5.0%), France (-5.2%), and Russia (-6.8%) illustrated a downward trend over the same period. Russia (2%) significantly strengthened its position in terms of the global imports, while the U.S., and China saw its share reduced by -1.7%, and -4.8% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($1.2B) constitutes the largest market for imported machine-tool for working wood worldwide, making up 19% of global imports. The second position in the ranking was occupied by Germany ($346M), with the share of 5% of global imports. It was followed by China, with the share of 5%.

In the U.S., machine-tool for working wood imports contracted by an average annual rate of -1.1% over the period from 2007-2016. In the other countries, the average annual rates were as follows: Germany (-0.9% per year) and China (-9.3% per year).

Machine-Tool For Working Wood Import Prices By Country

In 2016, the average import price for machine-tool for working wood amounted to $5,245 per tonne, shrinking by -6.5% against the previous year. In general, machine-tool for working wood import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2010, an increase of 8% against the previous year level. Over the period under review, average machine-tool for working wood import price attained its maximum level of $7,116 per tonne in 2008; however, from 2009 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the UK ($13 per kg), while the Netherlands ($396 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of machine-tool for working wood import prices was attained by Japan (+3.9% per year), while the other global leaders experienced more modest paces of growth.

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All data provided in this article covers the following product: HS Code 8465 - Machine-tools; (including machines for nailing, stapling, glueing or otherwise assembling) for working wood, cork, bone, hard plastics or rubber or similar hard materials.

Source: World: Machine-Tools For Working Wood - Market Report. Analysis and Forecast to 2025