China: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in China

In 2021, the Chinese wood milling machine market decreased by -16.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Milling Machine Production in China

In value terms, wood milling machine production reached $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 156%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wood Milling Machine Exports

Exports from China

Wood milling machine exports from China reduced to X units in 2021, shrinking by -2.7% on the previous year. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 47%. The exports peaked at X units in 2020, and then reduced in the following year.

In value terms, wood milling machine exports surged to $X in 2021. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 294% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), the United States (X units) and Russia (X units) were the main destinations of wood milling machine exports from China, with a combined 53% share of total exports. These countries were followed by the Netherlands, Canada, the UK, Austria, France, Australia, Argentina, Brazil, Mexico and Belgium, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +35.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from China were the United States ($X), Russia ($X) and Germany ($X), with a combined 26% share of total exports. Austria, Canada, the UK, Mexico, Australia, Brazil, France, the Netherlands, Argentina and Belgium lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, the Netherlands, with a CAGR of +27.4%, recorded 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 wood milling machine export price stood at $X per unit in 2021, jumping by 29% against the previous year. Overall, the export price posted a pronounced increase. The most prominent rate of growth was recorded in 2014 an increase of 168%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Germany ($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 Canada (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into China

In 2021, the amount of planing, milling or moulding machines imported into China reduced to X units, dropping by -11% on the previous year. Over the period under review, imports, however, enjoyed a mild increase. The growth pace was the most rapid in 2017 when imports increased by 65% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wood milling machine imports dropped to $X in 2021. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 55%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of wood milling machine imports to China, together accounting for 74% of total imports. Denmark, Switzerland and South Korea lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of wood milling machine to China, comprising 49% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.3% per year) and Japan (-12.8% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, surging by 3.7% against the previous year. In general, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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