China - Horizontal Machining Centres For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
Horizontal Machining Centre Import in China Increases Dramatically to $234M in March 2023
China Horizontal Machining Centre Imports
In March 2023, imports of horizontal machining centres for working metal into China skyrocketed to 1.8K units, increasing by 86% compared with the month before. In general, imports, however, recorded a noticeable decline. Over the period under review, imports attained the peak figure at 2.7K units in April 2022; however, from May 2022 to March 2023, imports stood at a somewhat lower figure.
In value terms, horizontal machining centre imports surged to $234M (IndexBox estimates) in March 2023. Over the period under review, imports, however, saw a mild downturn. The growth pace was the most rapid in June 2022 when imports increased by 47% month-to-month. Imports peaked at 270M units in March 2022; however, from April 2022 to March 2023, imports stood at a somewhat lower figure.
|COUNTRY||Import Value of Horizontal Machining Centre in China (million USD)|
|Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023||Mar 2023|
Imports by Country
In March 2023, Japan (1.5K units) constituted the largest horizontal machining centre supplier to China, with a 82% share of total imports. Moreover, horizontal machining centre imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (68 units), more than tenfold. The United States (62 units) ranked third in terms of total imports with a 3.4% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume from Japan totaled -3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (+3.3% per month) and the United States (-7.1% per month).
In value terms, Japan ($146M) constituted the largest supplier of horizontal machining centre to China, comprising 63% of total imports. The second position in the ranking was held by Germany ($32M), with a 14% share of total imports. It was followed by Singapore, with a 5.5% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from Japan stood at -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.2% per month) and Singapore (+6.2% per month).
Import Prices by Country
In March 2023, the horizontal machining centre price stood at $129K per unit (CIF, China), reducing by -22.6% against the previous month. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in August 2022 when the average import price increased by 57% against the previous month. The import price peaked at $216K per unit in January 2023; however, from February 2023 to March 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($564K per unit), while the price for the United States ($63,305 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Singapore (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the horizontal machining centre market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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