Overview of the Market for Machine-Tool For Removing Material in Germany
In value terms, machine-tool for removing material production expanded modestly to $ in estimated in export prices. In general, production posted measured growth. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production hit record highs in and is likely to see gradual growth in the near future.
The value of the machine-tool for removing material market in Germany shrank dramatically to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption remained at a lower figure.