Germany: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Germany

In 2021, the German wood milling machine market decreased by -34.8% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a abrupt curtailment. 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 Milling Machine Production in Germany

In value terms, wood milling machine production reached $X in 2021 estimated in export price. In general, production recorded a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Wood milling machine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Germany

In 2021, overseas shipments of planing, milling or moulding machines increased by 31% to X units, rising for the fourth year in a row after five years of decline. Overall, exports showed noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood milling machine exports surged to $X in 2021. Over the period under review, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.0% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Poland (X units) and France (X units) were the main destinations of wood milling machine exports from Germany, together comprising 31% of total exports. Austria, the Netherlands, the UK, Switzerland, Italy, the Czech Republic, Belgium, Russia, China and Estonia lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from Germany were the United States ($X), France ($X) and Austria ($X), with a combined 33% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +12.2%, saw the highest growth rate of 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, standing approx. at the previous year. Over the period under review, the export price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 58% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Germany

In 2021, wood milling machine imports into Germany soared to X units, growing by 24% compared with 2020 figures. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 55% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wood milling machine imports surged to $X in 2021. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Germany, accounting for a 52% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.5% per year) and Italy (+8.4% per year).

In value terms, China ($X) constituted the largest supplier of wood milling machine to Germany, comprising 36% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and Austria (+15.8% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, surging by 11% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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