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

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

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

IndexBox has just published a new report "World: Luggage And Handbags ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global luggage imports stood at 7.3M tonnes in 2016, leveling off at the previous year figure. In general, luggage imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when imports increased by 2% from the previous year level. Global luggage import peaked in 2016, and are expected to retain its growth in the near future.

In value terms, luggage imports totaled $58B in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate of +0.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, luggage imports decreased by ;3.6% against its level of 2014. Over the period under review, global luggage imports reached its maximum level of $60B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Luggage Importing Countries in the World

1. USA (11.2 billion USD)

2. Japan (5.1 billion USD)

3. China, Hong Kong SAR (4.2 billion USD)

4. France (3.5 billion USD)

5. Germany (3.3 billion USD)

6. United Kingdom (3.0 billion USD)

7. Italy (2.6 billion USD)

8. China (1.9 billion USD)

9. Singapore (1.4 billion USD)

10. Mexico (0.6 billion USD)

Luggage Imports By Country

China (3.3M tonnes) was the key importing country with an import of around 3.3M tonnes, which amounted to 45% of total imports. China, Hong Kong SAR (468K tonnes) held a 6% share (based on tonnes) of global luggage imports, which put it in second place, following the U.S. (6%). The UK (205K tonnes), Mexico (203K tonnes), Germany (196K tonnes), Japan (170K tonnes), Singapore (166K tonnes), France (159K tonnes), and Italy (125K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, Mexico (+26.6%), Singapore (+24.9%), and Germany (+1.0%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing importer/exporter in the world, with a CAGR of +26.6% from 2007;2016. Japan, France, and the UK experienced a relatively flat trend pattern. By contrast, the U.S. (;2.1%), China, Hong Kong SAR (;4.4%), and Italy (;5.7%) illustrated a downward trend over the same period. From 2007 to 2016, the share of China, Hong Kong SAR increased by 3% percentage points, while Singapore (;2.0%), and Mexico (;2.4%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($11B) constitutes the largest market for imported luggage worldwide, making up 19% of global imports. The second position in the ranking was occupied by Japan ($5.1B), with the share of 9% of global imports. It was followed by China, Hong Kong SAR, with the share of 7%.

In the U.S., luggage imports expanded at an average annual rate of +3.5% over the period from 2007;2016. In the other countries, the average annual rates were as follows: Japan (+1.9% per year) and China, Hong Kong SAR (;0.1% per year).

Luggage Import Prices By Country

The average luggage import price stood at $7,916 per tonne in 2016, coming down by ;1.7% against the previous year. Overall, it indicated a prominent increase from 2007 to 2016: the import price value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, luggage import price decreased by ;4.5% against its level of 2014. The growth pace was the most rapid in 2011, when it surged by 18% against the previous year level. Over the period under review, average luggage import price attained its maximum level of $8,292 per tonne in 2014; however, from 2015 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Japan ($30 per kg), while China ($576 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of luggage import prices was attained by China (+20.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global luggage market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • luggage market share
  • luggage prices
  • luggage industry
  • luggage sales
  • luggage import
  • luggage export
  • luggage market forecast
  • luggage price forecast
  • key luggage producers

All data provided in this article covers the following product: HS Code 4202 ; Trunks; suit, camera, jewellery, cutlery cases; travel, tool, similar bags; wholly or mainly covered by leather, composition leather, plastic sheeting, textile materials, vulcanised fibre, paperboard.

Source: World: Luggage And Handbags ; Market Report. Analysis and Forecast to 2025"

"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.

Do you want to know more about global machine-tool for working metal market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • machine-tool for working metal market share
  • machine-tool for working metal prices
  • machine-tool for working metal industry
  • machine-tool for working metal sales
  • machine-tool for working metal import
  • machine-tool for working metal export
  • machine-tool for working metal market forecast
  • machine-tool for working metal price forecast
  • key machine-tool for working metal producers

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