Machines for working wire market in Germany

Earlier Report Observations

The market for machines for working wire in Germany experienced a substantial contraction in physical volume from 2 768 units in 2018 to 1 443 units in 2023. The most pronounced drop occurred in 2020, when market size fell to 1 313 units, alongside a decline in value to $146 million. A partial recovery in market value followed in 2021, reaching $216 million, though physical volume remained well below pre-2020 levels.

In 2024, the market volume further decreased to 1 141 units, while the market value eased to $191 million. This decline coincided with a reported 8% production slump across the German mechanical engineering sector and higher interest rates, which made machine purchases more difficult for small and medium-sized customers, dampening investment demand.

Production machines for working wire in Germany

In value, 2017-2020, M $ US

Germany's production of machines for working wire has declined for the second year in a row. In 2020, output was valued at 129.4 million US dollars, representing a 34.3% reduction compared to the previous year. Over the period from 2017 to 2020, production decreased by 40.4%, with a compound annual growth rate of 15.9%. The highest value was recorded in 2018 at 229.9 million US dollars, which also saw the largest increase of 5.8%.

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

In kind, 2017-2020, unit

Germany's production volume of machines for working wire has fallen for the second consecutive year. In 2020, 1,117 units were produced, marking a sharp year-on-year reduction of 35.1%. From 2017 to 2020, production decreased by 43.8%, with a compound annual growth rate of 17.5%. The peak was in 2018 with 2,129 units, which also experienced the largest increase of 7.0%.

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

Exports machines for working wire from Germany

Industry analysis indicates that there were no exports of machines for working wire from Germany between 2017 and 2020.

Imports machines for working wire to Germany

Imports in kind, unit

Imports of foreign machines for working wire into Germany have declined for the third year in a row. In 2020, imports reached 196.0 units, showing a steep fall of 65.7% compared to the previous year. Between 2017 and 2020, imports decreased by 74.4%, equating to an annualized rate of 36.5%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, unit

From 2017 to 2020, the main sources for imports in kind were Czechia, accounting for 52.8% of imports, China with 14.9%, and Switzerland at 5.2%. Together, these three countries made up 72.9% of total import 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

Imports of machines for working wire into Germany have decreased for the third consecutive year. In 2020, Germany imported 17,012 thousand US dollars worth of these machines, which is 24.0% less than the year before. Over the period from 2017 to 2020, imports fell by 51.6%, with a compound annual growth rate of 21.5%.

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

Between 2017 and 2020, the principal suppliers of machines for working wire to Germany in value terms were Czechia, contributing 33.0% of imports, Switzerland with 19.2%, and Italy at 10.3%. Collectively, these three countries accounted for 62.6% of total import value.

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

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