Asia-Pacific: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Asia-Pacific

In 2022, the Asia-Pacific machine-tool for removing material market increased by X% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption, however, saw a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Asia-Pacific

In value terms, machine-tool for removing material production reduced to $X in 2022 estimated in export price. In general, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Asia-Pacific

Machine-tool for removing material exports soared to X units in 2022, rising by X% compared with 2021. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material exports expanded notably to $X in 2022. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X units), generating an X% share of total exports. Japan (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X), Japan ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of 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-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Asia-Pacific

In 2022, supplies from abroad of machine-tools for working any material by removal of material increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, machine-tool for removing material imports reached $X in 2022. Total imports indicated a temperate increase 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

India was the largest importing country with an import of around X units, which finished at X% of total imports. Australia (X units) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%) and Thailand (X%). Singapore (X units), Pakistan (X units), China (X units), South Korea (X units), Vietnam (X units), Taiwan (Chinese) (X units) and Japan (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for removing material imports into India stood at X%. At the same time, the Philippines (X%), Pakistan (X%), Vietnam (X%), Australia (X%), Taiwan (Chinese) (X%), Japan (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, China (X%) and Singapore (X%) illustrated a downward trend over the same period. India (X p.p.), the Philippines (X p.p.), Pakistan (X p.p.), Australia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Thailand, China and Singapore 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, China ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 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 China ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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