
Germany - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights
Germany: Wood Drilling Machine Market 2022
Wood Drilling Machine Market Size in Germany
In 2021, the German wood drilling machine market increased by 7.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.
Wood Drilling Machine Production in Germany
In value terms, wood drilling machine production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.5% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.
Wood Drilling Machine Exports
Exports from Germany
In 2021, shipments abroad of drilling or morticing machines decreased by -7.9% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 326% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.
In value terms, wood drilling machine exports shrank to $X in 2021. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
China (X units) was the main destination for wood drilling machine exports from Germany, with a 69% share of total exports. Moreover, wood drilling machine exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was held by Austria (X units), with a 2.5% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+15.4% per year) and Austria (+3.0% per year).
In value terms, China ($X) remains the key foreign market for wood drilling machine exports from Germany, comprising 59% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.4% share of total exports. It was followed by Poland, with a 4.7% share.
From 2012 to 2021, the average annual growth rate of value to China totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+15.3% per year) and Poland (+19.1% per year).
Export Prices by Country
The average wood drilling machine export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 177%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to China ($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 Italy (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Drilling Machine Imports
Imports into Germany
In 2021, approx. X units of drilling or morticing machines were imported into Germany; picking up by 26% on 2020 figures. Over the period under review, imports posted slight growth. The growth pace was the most rapid in 2015 with an increase of 109% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, wood drilling machine imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Italy (X units) constituted the largest supplier of wood drilling machine to Germany, accounting for a 57% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Austria (X units), with a 9.2% share.
From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Austria (+16.2% per year).
In value terms, Italy ($X) constituted the largest supplier of wood drilling machine to Germany, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Austria, with a 5.7% share.
From 2012 to 2021, the average annual growth rate of value from Italy totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.6% per year) and Austria (+1.9% per year).
Import Prices by Country
In 2021, the average wood drilling machine import price amounted to $X per unit, increasing by 8.6% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of 145% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood drilling machine market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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