Asia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Asia

In 2022, the Asian lathe for removing metal market decreased by X% to $X, falling for the sixth consecutive year after three years of growth. In general, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Lathes For Removing Metal in Asia

In value terms, lathe for removing metal production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, lafor removing metal production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Asia

In 2022, exports of lathes for removing metal in Asia dropped modestly to X units, stabilizing at the previous year. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lathe for removing metal exports rose rapidly to $X in 2022. Over the period under review, exports recorded a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of lathes for removing metal in Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) took the second position in the ranking, followed by Japan (X units), South Korea (X units) and India (X units). All these countries together held approx. X% share of total exports. The following exporters - Singapore (X units) and Thailand (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lathe for removing metal exports from China stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Taiwan (Chinese) (X%), Japan (X%), South Korea (X%) and India (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), South Korea, Japan and India saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Taiwan (Chinese), Thailand, Singapore and India lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Asia

Lathe for removing metal imports shrank to X units in 2022, falling by X% compared with the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, lathe for removing metal imports stood at $X in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units), distantly followed by Turkey (X units), the Philippines (X units), China (X units), Thailand (X units) and Kuwait (X units) represented the largest importers of lathes for removing metal, together making up X% of total imports. Japan (X units), Malaysia (X units), Vietnam (X units), the United Arab Emirates (X units), South Korea (X units), Taiwan (Chinese) (X units) and Indonesia (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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