Asia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Asia

The Asian machine tool for metal market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption enjoyed a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in Asia

In value terms, machine tool for metal production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Asia

In 2022, machine tool for metal exports in Asia surged to X units, growing by X% against the year before. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal exports totaled $X in 2022. In general, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) and China (X units) dominates exports structure, together generating X% of total exports. Taiwan (Chinese) (X units) took the next position in the ranking, followed by Japan (X units) and Singapore (X units). All these countries together took approx. X% share of total exports. South Korea (X units) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest machine tool for metal supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, machine tool for metal exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Asia

In 2022, overseas purchases of machine tools for working metal without removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importer of machine tools for working metal without removing metal in Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Singapore (X units) held the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together held approx. X% share of total imports. The following importers - South Korea (X units), the Philippines (X units), China (X units), Indonesia (X units), Malaysia (X units), Thailand (X units), Taiwan (Chinese) (X units) and Japan (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the machine tools for working metal without removing metal imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), the United Arab Emirates (X%), China (X%), Singapore (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Thailand, Japan and Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine tool for metal importing markets in Asia were China ($X), India ($X) and Japan ($X), with a combined X% share of total imports. Indonesia, South Korea, Malaysia, Thailand, the United Arab Emirates, Taiwan (Chinese), Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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