Global Wood Bending Machine Market 2023

Wood Bending Machine Market Size

The global wood bending machine market soared to $X in 2021, surging by 19% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Production

In value terms, wood bending machine production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 35%. As a result, production attained the peak level of $X. From 2016 to 2021, global production growth remained at a lower figure.

Wood Bending Machine Exports

Exports

In 2021, global wood bending machine exports expanded sharply to X units, surging by 8.7% on the previous year's figure. In general, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2013 with an increase of 117%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the global exports failed to regain momentum.

In value terms, wood bending machine exports surged to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. The global exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of bending or assembling machines in the world, with the volume of exports amounting to X units, which was near 41% of total exports in 2021. Canada (X units) took the second position in the ranking, followed by Turkey (X units), Germany (X units) and Taiwan (Chinese) (X units). All these countries together held approx. 29% share of total exports. Austria (X units), France (X units), Singapore (X units), Italy (X units), the United States (X units) and the UK (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +38.2% from 2012 to 2021. At the same time, Singapore (+39.2%), Taiwan (Chinese) (+21.6%), Turkey (+7.0%) and Austria (+5.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.2% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Canada (-3.1%), the United States (-6.6%), Germany (-7.5%), the UK (-13.1%) and France (-15.6%) illustrated a downward trend over the same period. While the share of China (+38 p.p.), Taiwan (Chinese) (+4.1 p.p.), Singapore (+3.2 p.p.) and Turkey (+2.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-2.5 p.p.), the UK (-5.1 p.p.), Canada (-5.6 p.p.), Germany (-6.2 p.p.) and France (-17.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood bending machine supplying countries worldwide were Germany ($X), Austria ($X) and China ($X), with a combined 60% share of global exports.

China, with a CAGR of +23.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, growing by 9.5% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 94% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Singapore ($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 UK (+15.8%), while the other global leaders experienced more modest paces of growth.

Wood Bending Machine Imports

Imports

In 2021, supplies from abroad of bending or assembling machines increased by 42% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by 47%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of global imports remained at a somewhat lower figure.

In value terms, wood bending machine imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, global imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of wood bending machine imports in 2021 were the United States (X units), the UK (X units), Spain (X units) and Qatar (X units), together reaching 64% of total import. It was distantly followed by Brazil (X units), comprising a 6.1% share of total imports. Chile (X units), India (X units), Canada (X units), the Netherlands (X units), Russia (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +83.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wood bending machine importing markets worldwide were the United States ($X), Russia ($X) and Canada ($X), together accounting for 37% of global imports. These countries were followed by Brazil, India, the UK, Spain, Belgium, Chile, the Netherlands and Qatar, which together accounted for a further 13%.

In terms of the main importing countries, Spain, with a CAGR of +32.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, reducing by -26% against the previous year. Over the period under review, the import price, however, recorded a strong increase. The growth pace was the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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