Wood Milling Machine Market

Wood milling machine market: read the latest info empowered by an Ai-driven BI tool. Information cover production, consumption, companies, market prices, imports, market size, exports, and trade. Here is a split by country, including Africa, EU, Russia, the U.S., China, the U.K., the Middle East, and Latin America. Market dynamics and outlook to 2030 are also featured in the reports.

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Wood Milling Machine - World's Largest Markets

In value terms, the largest wood milling machine markets worldwide were Brazil, Japan and China, with a combined 37% share of the global market. Russia, the United States, Zimbabwe, Bangladesh, Turkey, Mexico, Germany, the UK and the Netherlands lagged somewhat behind, together comprising a further 25%.

Zimbabwe (+1,473.9% per year) saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while wood milling machine market for the other global leaders experienced more modest paces of growth.

Wood Milling Machine Prices

Wood Milling Machine - Top Importers

In value terms, the United States ($160M) constitutes the largest market for imported planing, milling or moulding machines worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Canada ($38M), with a 5.1% share of global imports. It was followed by Germany, with a 5% share.

In the United States, wood milling machine imports decreased by an average annual rate of -7.1% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+16.3% per year) and Germany (+7.2% per year).

Wood Milling Machine - Top Exporters

In value terms, the largest wood milling machine supplying countries worldwide were China ($211M), Germany ($148M) and Taiwan (Chinese) ($136M), together accounting for 63% of global exports.

China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Wood Milling Machine - Market Forecast

The wood milling machine market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.3% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Wood Milling Machine - Product Coverage

• HS 846592 - Machine-tools; planing, milling or moulding (by cutting) machines, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials

Source: IndexBox Market Intelligence Platform