U.S.: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in the U.S.

In 2021, the U.S. wood bending machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw strong growth. Wood bending machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Bending Machine Exports

Exports from the U.S.

Wood bending machine exports from the United States shrank to X units in 2021, which is down by -6.5% on the year before. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 111% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 29% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Poland (X units) and Mexico (X units) were the main destinations of wood bending machine exports from the United States, together accounting for 71% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +120.3%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for wood bending machine exports from the United States, comprising 52% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by China, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.4% per year) and China (-8.9% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, jumping by 25% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 25%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Poland ($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 Canada (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into the U.S.

In 2021, supplies from abroad of bending or assembling machines increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 110%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports rose notably to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 62%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wood bending machine to the United States, accounting for a 52% share of total imports. Moreover, wood bending machine imports from Germany exceeded the figures recorded by the second-largest supplier, Canada (X units), fourfold. Austria (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 Germany totaled +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.1% per year) and Austria (+9.0% per year).

In value terms, Germany ($X) constituted the largest supplier of wood bending machine to the United States, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and Austria (+13.1% per year).

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, waning by -19.7% against the previous year. In general, the import price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2016 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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