Germany: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Germany

The German stone polishing machine market shrank sharply to $X in 2021, dropping by -25.4% against the previous year. Over the period under review, consumption recorded a slight descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Stone Polishing Machine Production in Germany

In value terms, stone polishing machine production dropped remarkably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Stone Polishing Machine Exports

Exports from Germany

In 2021, stone polishing machine exports from Germany expanded notably to X units, surging by 14% compared with 2020. Over the period under review, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +119.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, stone polishing machine exports soared to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 38%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X units) was the main destination for stone polishing machine exports from Germany, with a 45% share of total exports. Moreover, stone polishing machine exports to China exceeded the volume sent to the second major destination, the United States (X units), ninefold. The third position in this ranking was held by Poland (X units), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.1% per year) and Poland (+2.2% per year).

In value terms, China ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Germany, comprising 54% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.8% share of total exports. It was followed by Russia, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.6% per year) and Russia (-11.5% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, surging by 9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 32%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Austria ($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 Belgium (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Germany

In 2021, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Germany; which is down by -19.2% on 2020 figures. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 104% 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, stone polishing machine imports fell to $X in 2021. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Sweden (X units) were the main suppliers of stone polishing machine imports to Germany, with a combined 72% share of total imports. These countries were followed by Switzerland, France, the Netherlands, Poland, the United States and the Czech Republic, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Germany were Italy ($X), France ($X) and Switzerland ($X), with a combined 55% share of total imports. China, the United States, Sweden, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Poland, with a CAGR of +32.0%, saw 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

In 2021, the average stone polishing machine import price amounted to $X per unit, surging by 6.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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