Europe: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Europe

The Europe wood drilling machine market reduced to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in Europe

In value terms, wood drilling machine production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports in Europe

In 2023, overseas shipments of drilling or morticing machines increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports recorded a strong increase. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports fell markedly to $X in 2023. Over the period under review, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. Belgium (X units), the UK (X units), Germany (X units), Poland (X units), Italy (X units) and Spain (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%), Poland (X%), Belgium (X%) and the UK (X%) displayed positive paces of growth. By contrast, Italy (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the UK (X p.p.), Italy (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest wood drilling machine supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in Europe

In 2023, after two years of growth, there was significant decline in supplies from abroad of drilling or morticing machines, when their volume decreased by X% to X units. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then fell notably in the following year.

In value terms, wood drilling machine imports fell markedly to $X in 2023. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK represented the main importing country with an import of about X units, which finished at X% of total imports. Russia (X units) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), Belgium (X%) and Sweden (X%). Poland (X units), Italy (X units), Spain (X units), the Czech Republic (X units), France (X units), Norway (X units) and Germany (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported drilling or morticing machines in Europe, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform