Germany: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Germany

For the third year in a row, the German machine tool for metal market recorded growth in sales value, which increased by 6.3% to $X in 2021. In general, consumption showed buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Production of Machine Tools For Working Metal Without Removing Metal in Germany

In value terms, machine tool for metal production fell modestly to $X in 2021 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Germany

In 2021, exports of machine tools for working metal without removing metal from Germany fell to X units, dropping by -7.9% on the year before. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports stood at $X in 2021. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for machine tool for metal exports from Germany, accounting for a 31% share of total exports. Moreover, machine tool for metal exports to China exceeded the volume sent to the second major destination, Sweden (X units), fivefold. Poland (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+25.8% per year) and Poland (+8.4% per year).

In value terms, China ($X) remains the key foreign market for machine tools for working metal without removing metal exports from Germany, comprising 31% of total exports. The second position in the ranking was taken by Sweden ($X), with an 8.9% share of total exports. It was followed by Italy, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+33.6% per year) and Italy (+18.9% per year).

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, with an increase of 11% against the previous year. Over the period under review, the export price showed a mild increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Turkey ($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 Sweden (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Germany

In 2021, supplies from abroad of machine tools for working metal without removing metal increased by 4.4% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 56%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports fell dramatically to $X in 2021. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 39%. 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

In 2021, Switzerland (X units) constituted the largest machine tool for metal supplier to Germany, accounting for a 38% share of total imports. Moreover, machine tool for metal imports from Switzerland exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. Belgium (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+24.8% per year) and Belgium (-6.6% per year).

In value terms, Switzerland ($X) constituted the largest supplier of machine tools for working metal without removing metal to Germany, comprising 45% of total imports. The second position in the ranking was held by Belgium ($X), with a 10% share of total imports. It was followed by Spain, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.7% per year) and Spain (+21.5% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, with a decrease of -21.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for Italy ($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 (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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