Metal Threading Machine Market

The article discusses the projected decline in the metal threading machine market over the period from 2022 to 2030, forecasting a decrease in both market volume and value. It provides detailed information on consumption trends, production statistics, import and export data, as well as key players in the global market. The countries with the highest consumption, production, imports, and exports are highlighted, along with growth rates and price trends. Overall, the article offers a comprehensive analysis of the metal threading machine market dynamics.

Market Forecast

The metal threading machine market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.3% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 796K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +4.0% for the period from 2022 to 2030, which is projected to bring the market value to $1.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Threading Or Tapping Machines For Working Metal

In 2022, approx. 818K units of threading or tapping machines for working metal were consumed worldwide; growing by 11% compared with the year before. The total consumption volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

The global metal threading machine market size shrank to $817M in 2022, waning by -13.3% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $942M, and then shrank in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the UK (347K units), Spain (206K units) and Myanmar (110K units), together accounting for 81% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the UK (with a CAGR of +10.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($331M) led the market, alone. The second position in the ranking was held by Myanmar ($127M). It was followed by South Korea.

In the UK, the metal threading machine market expanded at an average annual rate of +3.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Myanmar (-3.5% per year) and South Korea (+2.3% per year).

The countries with the highest levels of metal threading machine per capita consumption in 2022 were Singapore (6.7 units per 1000 persons), the UK (5.1 units per 1000 persons) and Spain (4.4 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the UK (with a CAGR of +9.4%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Threading Or Tapping Machines For Working Metal

In 2022, production of threading or tapping machines for working metal increased by 6.2% to 745K units, rising for the second year in a row after three years of decline. Over the period under review, the total production indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 74% against the previous year. As a result, production attained the peak volume of 874K units. From 2018 to 2022, global production growth remained at a lower figure.

In value terms, metal threading machine production contracted slightly to $404M in 2022 estimated in export price. Overall, production, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $542M. From 2016 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Spain (271K units), the UK (183K units) and Myanmar (110K units), with a combined 76% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the UK (with a CAGR of +4.8%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Threading Or Tapping Machines For Working Metal

In 2022, the amount of threading or tapping machines for working metal imported worldwide skyrocketed to 291K units, jumping by 73% on the year before. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 123%. As a result, imports attained the peak of 442K units. From 2016 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, metal threading machine imports dropped modestly to $124M in 2022. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 19%. Over the period under review, global imports attained the peak figure at $359M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

The UK dominates imports structure, recording 169K units, which was near 58% of total imports in 2022. The following importers - Singapore (12K units), France (12K units), Mozambique (7.2K units), Belgium (6.3K units), Tanzania (5.3K units) and Denmark (5K units) - together made up 17% of total imports.

Imports into the UK increased at an average annual rate of +21.8% from 2012 to 2022. At the same time, Tanzania (+71.5%), Belgium (+41.1%), Mozambique (+37.1%), Denmark (+29.4%), Singapore (+20.3%) and France (+19.3%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in the world, with a CAGR of +71.5% from 2012-2022. While the share of the UK (+38 p.p.), Singapore (+2.5 p.p.), France (+2.4 p.p.), Mozambique (+2.2 p.p.), Belgium (+2 p.p.) and Tanzania (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal threading machine importing markets worldwide were the UK ($3.6M), France ($2.7M) and Belgium ($1.7M), with a combined 6.5% share of global imports. Singapore, Denmark, Mozambique and Tanzania lagged somewhat behind, together accounting for a further 2%.

Mozambique, with a CAGR of +29.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average metal threading machine import price amounted to $427 per unit, which is down by -42.8% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 164%. Over the period under review, average import prices reached the maximum at $3,164 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($277 per unit), while Tanzania ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (-5.8%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Threading Or Tapping Machines For Working Metal

In 2022, shipments abroad of threading or tapping machines for working metal increased by 62% to 217K units, rising for the second consecutive year after three years of decline. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 109% against the previous year. As a result, the exports reached the peak of 231K units. From 2018 to 2022, the growth of the global exports failed to regain momentum.

In value terms, metal threading machine exports stood at $130M in 2022. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. The global exports peaked at $236M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, China (83K units) and Spain (69K units) were the key exporters of threading or tapping machines for working metalacross the globe, together committing 70% of total exports. Singapore (12K units) took the next position in the ranking, followed by Thailand (12K units) and France (12K units). All these countries together took near 16% share of total exports. The following exporters - the UK (5.1K units) and the United States (3.7K units) - each accounted for a 4.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($34M) remains the largest metal threading machine supplier worldwide, comprising 26% of global exports. The second position in the ranking was taken by the United States ($14M), with an 11% share of global exports. It was followed by Spain, with a 6.1% share.

In China, metal threading machine exports increased at an average annual rate of +13.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-3.2% per year) and Spain (-0.4% per year).

Export Prices By Country

The average metal threading machine export price stood at $599 per unit in 2022, reducing by -37.5% against the previous year. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in 2018 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $2,870 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($3,840 per unit), while Singapore ($64 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform