EU: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in the EU

In 2023, the EU machine-tool for working wood market decreased by X% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in the EU

In value terms, machine-tool for working wood production soared to $X in 2023 estimated in export price. Over the period under review, production saw a mild downturn. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in the EU

In 2023, shipments abroad of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after seven years of growth. In general, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports expanded rapidly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X units) and Germany (X units) represented the key exporters of machine-tools for working wood in 2023, reaching approx. X% and X% of total exports, respectively. Belgium (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%), Italy (X%) and Poland (X%). The following exporters - the Czech Republic (X units), Austria (X units), Slovakia (X units), Sweden (X units), Portugal (X units), France (X units) and Denmark (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood supplying countries in the European Union were Germany ($X), Italy ($X) and Austria ($X), together accounting for X% of total exports. Spain, Poland, the Netherlands, Denmark, Belgium, Sweden, the Czech Republic, France, Slovakia and Portugal lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports in the EU

In 2023, overseas purchases of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports fell to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Germany (X units) and the Netherlands (X units) represented the largest importers of machine-tools for working wood in the European Union, together finishing at approx. X% of total imports. France (X units) ranks next in terms of the total imports with a X% share, followed by Belgium (X%), Spain (X%) and Poland (X%). The Czech Republic (X units), Sweden (X units), Italy (X units), Austria (X units), Greece (X units), Slovakia (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Poland, Austria, the Netherlands, Spain, Slovakia, Belgium, the Czech Republic, Romania, Sweden and Greece lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform