Drilling, threading or tapping tools market in Germany

Earlier Report Observations

The market for drilling, threading and tapping tools in Germany started the period at a high point in 2018, supported by strong industrial demand, the introduction of new high-performance taps capable of handling applications up to M30, and regulatory support for initiatives like 'low-dust construction' which spurred tool development. This robust environment was sharply interrupted in 2020 when the COVID-19 pandemic caused a deep contraction in machine tool production and created significant order volatility, leading the market value to fall to 3 772 thousand US dollars.

A partial recovery followed in 2021 and 2022, but the market faced renewed pressure from 2023 onward. Global supply chain disruptions and a persistent shortage of skilled labor constrained production and sales. In 2024, an overall economic slowdown and new regulatory burdens, including the impending EU Product Safety Regulation ((EU) 2023/988), further challenged the industry. During this latter period, product innovation remained active, with launches like the Milwaukee M18 hammer drill with integrated dust extraction and the Makita XGT 9-inch cut-off griver shaping demand in the power tool segment.

Production drilling, threading and tapping tools in Germany

In value, 2017-2020, K $ US

Germany's production of drilling, threading, or tapping tools declined for the third consecutive year. In 2020, output was valued at 3 862 K $ US, marking a 28.9% decrease compared to 2019. From 2017 to 2020, production fell by 52.4%, which translates to an annualized decline of 21.9%.

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

In kind, 2017-2020, t

In 2020, Germany produced 108.7 t of drilling, threading, or tapping tools, indicating a dramatic drop of 61.2% compared to 2019.

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

Exports drilling, threading and tapping tools from Germany

Exports in kind, t

Exported volumes of drilling, threading, or tapping tools from Germany declined for the second consecutive year. In 2020, exports amounted to 303.1 t, a significant decrease of 19.9% compared to 2019. Over the period from 2017 to 2020, exports decreased by 11.3%, with a compound annual growth rate (CAGR) of -3.9%. The highest volume was recorded in 2018 at 410.3 t, which also saw the largest increase of 20.1%.

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

From 2017 to 2020, exports in kind of drilling, threading, or tapping tools from Germany were widely dispersed across partner countries. Austria accounted for 12.7% of exports in kind, Poland for 11.8%, and Switzerland for 9.3%, with these three countries together representing only 33.8% of total flows.

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, K $ US

Exported values of drilling, threading, or tapping tools from Germany declined for the second consecutive year. In 2020, exports totaled 9 394 K $ US, which is 20.8% lower compared to the previous year. Over the period from 2017 to 2020, exports decreased by 24.7%, with a compound annual growth rate (CAGR) of -9.0%. The maximum value was recorded in 2018 at 14 072 K $ US, which also saw the largest increase of 12.8%.

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

Data for 2017 to 2020 indicate that exports in value terms of drilling, threading, or tapping tools from Germany were not concentrated on a few key destinations. Austria accounted for 12.8% of exports in value terms, Switzerland for 8.8%, and Poland for 8.3%, with these three countries jointly accounting for only 30.0% of total flows.

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

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

Imports drilling, threading and tapping tools to Germany

Imports in kind, t

The volume of drilling, threading, or tapping tools imports to Germany declined for the second consecutive year. In 2020, imports registered 578.2 t, which is 15.0% less year-over-year. Between 2017 and 2020, imports decreased by 23.1%, equating to an annualized decline of 8.4%. The highest volume was recorded in 2018 at 762.2 t, which also saw the largest increase of 1.4%.

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

From 2017 to 2020, China, Poland, and Spain formed the main group of sources for imports in kind of drilling, threading, or tapping tools to Germany. China accounted for 59.0% of imports in kind, Poland for 16.2%, and Spain for 4.8%, with a combined share of 79.9% 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, K $ US

Drilling, threading, or tapping tools imports to Germany declined for the second consecutive year. In 2020, imports came to 9 304 K $ US, which is 34.6% less year-over-year. Between 2017 and 2020, imports decreased by 38.3%, equating to an annualized decline of 14.9%. The maximum value was recorded in 2018 at 18 103 K $ US, which also saw the largest increase of 20.0%.

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

Throughout 2017 to 2020, China, Poland, and Spain formed the key group of partners for imports in value terms of drilling, threading, or tapping tools to Germany. China accounted for 30.0% of imports in value terms, Poland for 22.5%, and Spain for 7.8%, jointly representing 60.3% 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