Which Country Exports the Most Lathes For Removing Metal in the World?

Metal-Forming Machinery And Machine Tools May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Exports the Most Lathes For Removing Metal in the World?

IndexBox has just published a new report "World: Lathes For Removing Metal - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of lathe for removing metal stood at 641K tonnes, shrinking by -5.2% against the previous year figure. Overall, lathe for removing metal imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2011, an increase of 22% y-o-y. Global lathe for removing metal import peaked of 779K tonnes in 2008- however, from 2009 to 2016, it failed to regain its strength.

In value terms, lathe for removing metal imports amounted to $5.9B in 2016. In general, lathe for removing metal imports continue to indicate a moderate deduction. Global lathe for removing metal import peaked of $8.4B in 2008- however, from 2009 to 2016, it failed to regain its strength.

Top Lathe For Removing Metal Importing Countries in the World

1. USA (825.1 million USD)

2. China (559.1 million USD)

3. Germany (469.7 million USD)

4. Belgium (310.5 million USD)

5. Italy (284.6 million USD)

6. Mexico (275.1 million USD)

7. Turkey (197.3 million USD)

8. Russia (184.8 million USD)

9. Japan (169.6 million USD)

10. South Korea (137.7 million USD)

11. United Kingdom (130.5 million USD)

12. India (115.1 million USD)

Lathe For Removing Metal Imports By Country

In 2016, Japan (118K tonnes), followed by Germany (77K tonnes), South Korea (61K tonnes), the U.S. (56K tonnes), and China (36K tonnes) were the major importers of lathe for removing metal, together constituting 54% of total imports. The following importers - Belgium (23K tonnes), Italy (22K tonnes), Mexico (19K tonnes), Turkey (14K tonnes), the UK (13K tonnes), Russia (12K tonnes), and India (11K tonnes) together made up 18% of total imports.

From 2007 to 2016, the most notable growth rate of lathe for removing metal imports, among the main importing countries, was attained by Germany (+6.2% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($825M), China ($559M) and Germany ($470M) were the countries with the highest levels of imports in 2016, together accounting for 31% of global imports.Belgium, Italy, Mexico, Turkey, Russia, Japan, South Korea, the UK and India lagged somewhat behind, together comprising a further 31%.

Japan (+8.4% per year) recorded the highest growth rate of lathe for removing metal imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Lathe For Removing Metal Import Prices By Country

In 2016, the average import price for lathe for removing metal amounted to $9,225 per tonne, shrinking by -7.3% against the previous year. In general, lathe for removing metal import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when import price increased by 22% against the previous year level. Global lathe for removing metal import peaked of $11 per kg in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Russia ($16 per kg), while Japan ($1,432 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of lathe for removing metal import prices was attained by Japan (+8.0% per year), while the other global leaders experienced more modest paces of growth.

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All data provided in this article covers the following product: HS Code 8458 - Lathes for removing metal.

Source: World: Lathes For Removing Metal - Market Report. Analysis and Forecast to 2025