Which Country Imports the Most Drilling Machine-Tools in the World?

Metal-Forming Machinery And Machine Tools May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global machine-tool for drilling imports amounted to 363K tonnes in 2016, descending by -4.2% against the previous year level. In general, machine-tool for drilling imports continue to indicate a mild drop. The pace of growth was the most pronounced in 2011, when imports increased by 6% from the previous year level. Over the period under review, global machine-tool for drilling imports attained its maximum volume of 427K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, machine-tool for drilling imports totaled $3B in 2016. In general, machine-tool for drilling imports continue to indicate a abrupt decline. Over the period under review, global machine-tool for drilling imports reached its maximum level of $4.9B in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

Top Machine-Tool For Drilling Importing Countries in the World

1. Germany (180.2 million USD)

2. Italy (101.9 million USD)

3. United Kingdom (98.3 million USD)

4. Russia (87.5 million USD)

5. South Korea (69.2 million USD)

6. Turkey (65.1 million USD)

7. Netherlands (46.5 million USD)

8. Spain (35.3 million USD)

9. Czech Republic (35.1 million USD)

10. Japan (30.4 million USD)

11. Romania (23.1 million USD)

12. Iran (11.3 million USD)

Machine-Tool For Drilling Imports By Country

In 2016, Japan (54K tonnes), Italy (50K tonnes), Germany (45K tonnes), and the Netherlands (40K tonnes) represented the largest importers of machine-tool for drilling in the world, making up 52% of total import. It was distantly followed by Iran (21K tonnes), and Spain (17K tonnes), together making up 10% share of total machine-tool for drilling imports. The following importers - Czech Republic (16K tonnes), South Korea (8.3K tonnes), Russia (7.1K tonnes), the UK (6.5K tonnes), Turkey (6.3K tonnes), and Romania (5.9K tonnes) together made up 14% of total imports.

From 2007 to 2016, the most notable growth rate of machine-tool for drilling imports, among the main importing countries, was attained by the Netherlands (+29.7% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for drilling markets worldwide were Germany ($180M), Italy ($102M) and the UK ($98M), with a combined 13% share of global imports.Russia, South Korea, Turkey, the Netherlands, Spain, Czech Republic, Japan, Romania and Iran lagged somewhat behind, together accounting for a further 14%.

Russia (+0.8% per year) had the highest growth rate of machine-tool for drilling imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced mixed trends in the imports figures.

Machine-Tool For Drilling Import Prices By Country

The average machine-tool for drilling import price stood at $8,139 per tonne in 2016, lowering by -13.0% against the previous year. Overall, machine-tool for drilling import price continues to indicate a temperate decrease. The most prominent rate of growth was recorded in 2011, when import increased by 17% year-to-year. Over the period under review, average machine-tool for drilling import price reached its maximum level of $12 per kg in 2012; however, from 2013 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the UK ($15 per kg), while Iran ($548 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of machine-tool for drilling import prices was attained by Russia (+11.9% 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 8459 - Machine-tools; (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes of heading no. 8458.

Source: World: Machine-Tools For Drilling, Boring Or Milling Metal - Market Report. Analysis and Forecast to 2025