Germany: Working Wire Machine Market 2022

Working Wire Machine Market Size in Germany

The German working wire machine market was estimated at $X in 2021, approximately equating the previous year. In general, consumption saw a relatively flat trend pattern. Working wire machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Germany

In value terms, working wire machine production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a drastic downturn. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Working Wire Machine Exports

Exports from Germany

In 2021, exports of machines for working wire from Germany was estimated at X units, stabilizing at the previous year. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, working wire machine exports stood at $X in 2021. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 22%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units), Canada (X units) and France (X units) were the main destinations of working wire machine exports from Germany, together comprising 39% of total exports. These countries were followed by Italy, South Korea, the United States, the UK, China, the Philippines, Taiwan (Chinese), Austria, Mexico and the Czech Republic, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +224.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest markets for working wire machine exported from Germany worldwide, with a combined 51% share of total exports. These countries were followed by Mexico, the Czech Republic, Taiwan (Chinese), France, the Philippines, the UK, Canada, Austria, Belgium and South Korea, which together accounted for a further 21%.

The Philippines, with a CAGR of +228.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($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 the Czech Republic (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Germany

In 2021, overseas purchases of machines for working wire increased by 79% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 100%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, working wire machine imports soared to $X in 2021. Over the period under review, imports recorded a buoyant expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of working wire machine to Germany, with a 49% share of total imports. Moreover, working wire machine imports from Italy exceeded the figures recorded by the second-largest supplier, Switzerland (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.7% per year) and Belgium (+15.9% per year).

In value terms, Switzerland ($X), Italy ($X) and China ($X) constituted the largest working wire machine suppliers to Germany, together accounting for 60% of total imports. These countries were followed by Austria, Belgium, Japan, the Netherlands and Turkey, which together accounted for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +36.9%, saw the highest rates of growth with regard to 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 working wire machine import price amounted to $X per unit, increasing by 9.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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