Asia: Market for Numerically Controlled Drilling Machines For Working Metal 2022

Market Size for Numerically Controlled Drilling Machines For Working Metal in Asia

In 2021, the Asian numerically controlled drilling machine market decreased by -X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in Asia

In value terms, numerically controlled drilling machine production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Asia

In 2021, overseas shipments of numerically controlled drilling machines for working metal increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports rose remarkably to $X in 2021. Overall, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2018 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 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to X% of total exports. South Korea (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Turkey (X%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to numerically controlled drilling machine exports from China stood at +X%. At the same time, Turkey (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, South Korea, Turkey and Singapore increased by +X, +X, +X and +X percentage points, respectively. Japan (-X p.p.) saw their shares reduced.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports. These countries were followed by Turkey and Singapore, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among 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 ton in 2021, declining by -X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Asia

In 2021, purchases abroad of numerically controlled drilling machines for working metal decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports reduced modestly to $X in 2021. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) represented the main importer of numerically controlled drilling machines for working metal, mixing up X% of total imports. South Korea (X tons) held the second position in the ranking, followed by Vietnam (X tons), Taiwan (Chinese) (X tons), India (X tons) and Turkey (X tons). All these countries together took near X% share of total imports. Israel (X tons), Qatar (X tons), Thailand (X tons), Indonesia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Qatar (+X%), Israel (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Malaysia (-X%), South Korea (-X%), Turkey (-X%), India (-X%), Indonesia (-X%) and Thailand (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), South Korea (+X p.p.), Israel (+X p.p.), Taiwan (Chinese) (+X p.p.), Qatar (+X p.p.), India (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the total imports, while China and Thailand saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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