Boring and broaching tools market in Germany

Earlier Report Observations

The market for boring and broaching tools in Germany reached a volume of 5 193 t in 2018, a level supported by rising demand from various industrial sectors and active construction projects. This was further driven by increasing automation in manufacturing and the adoption of machine vision-based quality control systems, which elevated the need for high-precision tools.

Following the 2018 peak, the market volume contracted, falling to 3 572 t in 2020 and stabilizing in the range of 3 500–3 600 t through 2021 and 2022. In value terms, the market declined from $294.6 million in 2018 to $190.4 million in 2020, with a partial recovery in subsequent years.

By 2024, the market value had steadied at $198.5 million. During this later period, the introduction of new precision tools with optimized geometries and coatings, along with growing use of wireless and energy-efficient tools, helped sustain demand. However, volatile order intake and persistent skilled labor shortages acted as constraining factors on market growth.

Production boring and broaching tools in Germany

In value, 2017-2020, M $ US

Production of boring and broaching tools in Germany has declined for the second year in a row. In 2020, output was valued at 281.9 million US dollars, marking a sharp 25.3% drop compared to 2019. Looking at the period from 2017 to 2020, production fell by 25.3%, with an average annual decline of 9.3%. The peak was reached in 2018 at 418.2 million US dollars, which also saw the largest annual increase of 10.8%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, t

Production of boring and broaching tools in Germany has decreased for the second consecutive year. In 2020, Germany produced 3 725 tonnes, representing a significant 27.2% decline from the previous year. Over the 2017-2020 period, production dropped by 27.8%, with an average annual decrease of 10.3%. The highest output was recorded in 2018 at 5 366 tonnes, which also experienced the largest annual growth of 4.1%.

Annual dynamics of production in Germany in kind, 2017-2020, t

Exports boring and broaching tools from Germany

Exports in kind, t

Exports of boring and broaching tools from Germany have fallen for the second year in a row. In 2020, exports amounted to 349.4 tonnes, a 9.1% decrease compared to 2019. Between 2017 and 2020, exports declined by 44%, equivalent to an average annual rate of 17.6%. The peak was in 2018 at 703.0 tonnes, which saw the largest annual increase of 12.6%. The most significant drop occurred in 2019, with a 45.3% decline.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, Germany's export structure in volume terms shows a diverse range of partners. Poland accounted for 22.0% of exports, Czechia for 13.9%, and the United States for 7.3%, together making up 43.2% of total flows. The remaining 56.8% was distributed among numerous smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's exports of boring and broaching tools have declined for the second consecutive year. In 2020, exports were valued at 132.8 million US dollars, a 17.6% decrease from 2019. Over the 2017-2020 period, exports fell by 21.1%, with an average annual decline of 7.6%. The highest value was recorded in 2018 at 185.3 million US dollars, which also saw the largest annual increase of 10.1%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

Between 2017 and 2020, Germany's export portfolio in value terms was broad. China contributed 14.2% of exports, the United States 11.5%, and Poland 8.6%, together accounting for 34.3% of total exports. Many other countries held smaller but notable shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports boring and broaching tools to Germany

Imports in kind, t

Imports of boring and broaching tools into Germany have decreased for the second year running. In 2020, imports totaled 196.3 tonnes, a substantial 12.0% drop from 2019. From 2017 to 2020, imports fell by 53.8%, with an average annual decline of 22.7%. The peak was in 2018 at 530.0 tonnes, which also experienced the largest annual increase of 24.6%. The most significant decline occurred in 2019, with a 57.9% decrease.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, Czechia, Poland, and the United States consistently led Germany's import structure in volume terms. Czechia accounted for 30.5% of imports, Poland for 30.0%, and the United States for 6.0%, together making up 66.5% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's imports of boring and broaching tools have declined for the second consecutive year. In 2020, imports were valued at 41.4 million US dollars, a strong 17.0% decrease compared to 2019. Over the 2017-2020 period, imports dropped by 26.6%, with an average annual decline of 9.8%. The highest value was in 2018 at 61.6 million US dollars, which saw the largest annual increase of 9.2%. The most significant decrease occurred in 2019, with a 19.1% drop.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Between 2017 and 2020, Poland, Czechia, and the United States accounted for the largest shares of Germany's imports in value terms. Poland contributed 26.5%, Czechia 17.7%, and the United States 9.4%, together comprising 53.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020