Which Country Exports the Most Machine Tools For Working Metal in the World?

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

In 2016, the global machine-tool for working metal imports amounted to 1.6M tonnes, falling by -2.0% against the previous year figure. The total import volume increased at an average annual rate of +1.8% over the period from 2007 to 2016- the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011, when imports increased by 7% from the previous year level. Over the period under review, global machine-tool for working metal imports attained its maximum volume of 1.6M tonnes in 2015, falling back in the following year.

In value terms, machine-tool for working metal imports stood at $9B in 2016. Overall, machine-tool for working metal imports continue to indicate a slight descent. Over the period under review, global machine-tool for working metal imports attained its maximum level of $12B in 2012- however, from 2013 to 2016, it failed to regain its strength.

Top Machine-Tool For Working Metal Importing Countries in the World

1. Germany (375.5 million USD)

2. Indonesia (229.9 million USD)

3. South Korea (225.8 million USD)

4. Turkey (204.6 million USD)

5. Iran (189.2 million USD)

6. Italy (189.1 million USD)

7. Japan (109.9 million USD)

8. Spain (97.9 million USD)

9. Hungary (51.3 million USD)

10. Netherlands (51.3 million USD)

Machine-Tool For Working Metal Imports By Country

The Netherlands (519K tonnes) represented the main importer of machine-tool for working metal in the world, finishing at 519K tonnes, which was near 33% of total imports in 2016. Japan (150K tonnes) held a 10% share (based on tonnes) of global machine-tool for working metal imports, which put it in second place, following Italy (9%), Germany (7%), and South Korea (6%). The following importers - Turkey (65K tonnes), Spain (41K tonnes), Iran (39K tonnes), Indonesia (30K tonnes), and Hungary (24K tonnes) together made up 13% of total imports.

Imports into the Netherlands increased at an average annual rate of +7.8% from 2007 to 2016. At the same time, Iran (+22.8%), Hungary (+13.1%), Spain (+9.9%), Indonesia (+3.9%), and Italy (+1.2%) displayed positive paces of growth. Moreover, Iran emerged as the fastest growing importer/exporter in the world, with a CAGR of +22.8% from 2007-2016. South Korea, and Japan experienced a relatively flat trend pattern. By contrast, Turkey (-1.4%), and Germany (-1.5%) illustrated a downward trend over the same period. Iran (-2.1%), and the Netherlands (-16.5%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working metal markets worldwide were Germany ($376M), Indonesia ($230M) and South Korea ($226M), with a combined 9% share of global imports. These countries were followed by Turkey, Iran, Italy, Japan, Spain, Hungary and the Netherlands, which together accounted for a further 10%.

Iran (+19.2% per year) had the highest growth rate of machine-tool for working 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.

Machine-Tool For Working Metal Import Prices By Country

The average machine-tool for working metal import price stood at $5,784 per tonne in 2016, declining by -4.3% against the previous year. Overall, machine-tool for working metal import price continues to indicate a significant downturn. The pace of growth was the most pronounced in 2011, when it surged by 24% y-o-y. Global machine-tool for working metal import peaked of $8,296 per tonne in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Indonesia ($7,593 per tonne), while the Netherlands ($99 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of machine-tool for working metal import prices was attained by Indonesia (+6.8% per year), while the other global leaders experienced mixed trends in the import price figures.

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All data provided in this article covers the following product: HS Code 8462 - Machine-tools- (including presses) for working metal by forging, hammering or die-stamping, for bending, folding, straightening, flattening, shearing or punching metal.

Source: World: Machine Tools For Working Metal - Market Report. Analysis and Forecast to 2025