Asia: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Asia

The Asian machine tool for metal market rose to $X in 2021, surging by 5% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Machine Tools For Working Metal Without Removing Metal in Asia

In value terms, machine tool for metal production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 24%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Asia

In 2021, shipments abroad of machine tools for working metal without removing metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 25% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports amounted to $X in 2021. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Taiwan (Chinese) (X units) and Japan (X units) represented the major exporters of machine tools for working metal without removing metal in Asia, together accounting for near 60% of total exports. South Korea (X units) ranks next in terms of the total exports with a 14% share, followed by China (12%) and India (10%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +12.8%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest machine tool for metal supplying countries in Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 84% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, growing by 7.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Asia

After two years of decline, purchases abroad of machine tools for working metal without removing metal increased by 27% to X units in 2021. Overall, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tool for metal imports surged to $X in 2021. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Indonesia (X units), Thailand (X units), India (X units), South Korea (X units), the Philippines (X units), Vietnam (X units), Japan (X units), Taiwan (Chinese) (X units) and Singapore (X units) represented roughly 86% of total imports in 2021. Oman (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +45.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 24% share of total imports. These countries were followed by Thailand, Indonesia, Vietnam, the United Arab Emirates, Taiwan (Chinese), the Philippines, Oman and Singapore, which together accounted for a further 20%.

Among the main importing countries, Oman, with a CAGR of +18.5%, saw the highest growth rate of the value of imports, 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 2021, with a decrease of -2% against the previous year. In general, the import price recorded a perceptible setback. The growth pace was the most rapid in 2019 when the import price increased by 32%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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