Asia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Asia

The Asian machine-tool for drilling market reduced notably to $X in 2022, dropping by X% against the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped markedly in the following year.

Machine-Tool For Drilling Production in Asia

In value terms, machine-tool for drilling production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports in Asia

Machine-tool for drilling exports fell rapidly to X units in 2022, shrinking by X% compared with 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, machine-tool for drilling exports fell slightly to $X in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), constituting a X% share of total exports.

China was also the fastest-growing in terms of the machine-tools for drilling, boring or milling metal exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, showed a drastic downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Machine-Tool For Drilling Imports

Imports in Asia

In 2022, the amount of machine-tools for drilling, boring or milling metal imported in Asia shrank markedly to X units, waning by X% on the year before. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports reached $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the key importer of machine-tools for drilling, boring or milling metal in Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. It was distantly followed by India (X units), Cambodia (X units), Indonesia (X units), Nepal (X units) and South Korea (X units), together creating a X% share of total imports. The following importers - the United Arab Emirates (X units), Myanmar (X units), Vietnam (X units), Turkey (X units), Sri Lanka (X units) and Iraq (X units) - together made up X% of total imports.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Nepal (X%), Sri Lanka (X%), Iraq (X%), India (X%), Turkey (X%), South Korea (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.), India (X p.p.), Nepal (X p.p.), South Korea (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.), Indonesia (X p.p.), Vietnam (X p.p.), Sri Lanka (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for drilling importing markets in Asia were India ($X), Vietnam ($X) and Thailand ($X), together comprising X% of total imports. Turkey, South Korea, Indonesia, the United Arab Emirates, Iraq, Cambodia, Sri Lanka, Nepal and Myanmar lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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