Machine-tools: for working wood, cork, bone, hard rubber, hard plastics or similar hard materials: machining centres

In 2024, machine-tools: for working wood, cork, bone, hard rubber, hard plastics or similar hard materials: machining centres trade exhibited significant decline, with global flows reaching $670,949,921 and a three-year compound annual growth rate of +11.2% (five-year: +8.1%). The all-time peak of $711,714,339 was recorded in 2023; the current level is 6% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-0.1% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.233). The three largest exporters — Italy ($241.8M), Germany ($205.7M), and China ($62.2M) — collectively dominate supply flows. The leading exporter has grown at +23.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.040). The three largest import markets are United States ($65.0M), France ($62.0M), and Germany ($46.3M). The largest importing market sources from 25 different supplying countries.

The dominant trade corridor is Italy → France at $31.0M, representing 49.9% of the importer's total demand.

The volatility score for machine-tools: for working wood, cork, bone, hard rubber, hard plastics or similar hard materials: machining centres is 13 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.