Tools for tapping or threading market in Germany

Earlier Report Observations

The market value for tapping and threading tools in Germany fluctuated significantly between 2019 and 2022, influenced by broader industry trends. After the German tool industry reported a 5% growth expectation in 2018, supporting overall demand, the market value dropped to $237.0 million in 2020. It then rebounded sharply to $307.2 million in 2021.

In physical terms, market volume followed a similar pattern, rising from 5 600 t in 2020 to 6 906 t in 2021, before dipping to 6 657 t in 2022. Notably, the overall German tool industry achieved record sales of approximately €5.9 billion in 2022. Looking toward 2024, the sector faces new EU regulations like the Packaging Regulation (PPWR) and the Machinery Regulation (MVO), alongside persistent skilled labor shortages, which are shaping the operating environment.

Production tapping and threading tools in Germany

In value, 2017-2020, M $ US

In Germany, the production value of tools for tapping or threading reached 412.2 million US dollars in 2020, marking a 14.9% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 20.3%, with an average annual decrease of 7.3%.

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

In kind, 2017-2020, t

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

Exports tapping and threading tools from Germany

Exports in kind, t

Exports of tools for tapping or threading from Germany declined for the second consecutive year. In 2020, export volumes amounted to 1 318 tonnes, down 17.5% from the previous year. Over the 2017-2020 period, exports decreased by 10.7%, with an average annual decline of 3.7%. The highest export volume was recorded in 2018 at 1 634 tonnes, which also saw the largest increase of 10.7%.

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

From 2017 to 2020, no single market dominated Germany's exports of tools for tapping or threading in volume terms. France accounted for 13.8% of exports, the Netherlands for 8.5%, and Poland for 7.6%, together making up 29.9% of total export volumes. The remaining 70.1% was distributed among numerous smaller partners, each with modest individual shares.

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

The value of tools for tapping or threading exported from Germany fell for the second year in a row. In 2020, exports totaled 266.5 million US dollars, a 12.9% drop from the previous year. Between 2017 and 2020, export value decreased by 6.5%, equivalent to an average annual decline of 2.2%. The peak was in 2018 at 322.1 million US dollars, which also experienced the largest increase of 13.1%.

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

From 2017 to 2020, Germany's export partners for tools for tapping or threading in value terms were diverse. The Netherlands accounted for 15.2% of export value, the United States for 10.9%, and China for 8.8%, together comprising 34.9% of total flows. The majority, 65.1%, went to many other countries, reflecting a broad partner landscape.

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

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

Imports tapping and threading tools to Germany

Imports in kind, t

After two years of growth, import volumes of tools for tapping or threading into Germany declined. In 2020, imports stood at 1 364 tonnes, a modest 6.9% decrease year-over-year. Over the 2017-2020 period, imports increased by 6.6%, with an average annual growth rate of 2.1%. The highest import volume was in 2019 at 1 465 tonnes, while the largest increase occurred in 2018 at 8.2%.

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

Between 2017 and 2020, China was the leading source for Germany's imports of tools for tapping or threading in volume terms, accounting for 45.3% of imports. Czechia followed with 6.7%, and Japan with 6.4%. Together, these three countries made up 58.4% of total import volumes.

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

Following two years of increases, the value of tools for tapping or threading imported into Germany dropped. In 2020, imports amounted to 91.3 million US dollars, a substantial 20.2% decline year-over-year. Over the 2017-2020 period, import value decreased by 6.7%, with an average annual decline of 2.3%. The peak was in 2019 at 114.4 million US dollars, and the largest increase was in 2018 at 11.3%.

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

From 2017 to 2020, Germany's import partners for tools for tapping or threading in value terms were quite broad. Japan accounted for 14.6% of import value, Switzerland for 14.5%, and China for 12.0%, together representing 41.1% of total flows. The remaining 58.9% came from a wide range of other countries.

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

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