Overview of the Global Market for Machine-Tools For Working Any Material By Removal Of Material

Market Size for Machine-Tools For Working Any Material By Removal Of Material

For the seventh consecutive year, the global machine-tool for removing material market recorded growth in sales value, which increased by X% to $X in 2023. Overall, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Global consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material

In value terms, machine-tool for removing material production rose significantly to $X in 2023 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports

For the eighth year in a row, the global market recorded growth in overseas shipments of machine-tools for working any material by removal of material, which increased by X% to X units in 2023. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material exports stood at $X in 2023. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by the Netherlands (X units) and the UK (X units), together comprising a X% share of total exports. The following exporters - Spain (X units), Singapore (X units), Italy (X units) and the United States (X units) - each resulted at an X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), the Netherlands (X%), the UK (X%) and the United States (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the Netherlands (X p.p.) and Spain (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.), the UK (X p.p.), Italy (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest machine-tool for removing material supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average machine-tool for removing material export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of X%. The global export price peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports

In 2023, supplies from abroad of machine-tools for working any material by removal of material increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to continue growth in the near future.

In value terms, machine-tool for removing material imports totaled $X in 2023. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, India (X units) and Greece (X units) represented the main importers of machine-tools for working any material by removal of materialacross the globe, together resulting at near X% of total imports. The Netherlands (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and Spain (X%). Canada (X units), the United States (X units), Brazil (X units), Russia (X units), Belgium (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported machine-tools for working any material by removal of material worldwide, comprising X% of global imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and India (X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X%. Global import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform