Asia-Pacific: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Asia-Pacific

The Asia-Pacific machine-tool for working metal market declined rapidly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in Asia-Pacific

In value terms, machine-tool for working metal production dropped notably to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal

Exports in Asia-Pacific

In 2022, machine-tool for working metal exports in Asia-Pacific declined to X units, waning by X% against the previous year's figure. Total exports indicated a temperate expansion from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, machine-tool for working metal exports totaled $X in 2022. Overall, exports continue to indicate a slight descent. 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 reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporter of machine tools for working metal in Asia-Pacific, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by India (X units), comprising an X% share of total exports. Singapore (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal exports from China stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, India (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Singapore increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest machine-tool for working metal supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total exports. It was followed by India, with a X% share.

In China, machine-tool for working metal exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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) ($X per unit), while India ($X per unit) was amongst the lowest.

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

Imports of Machine Tools For Working Metal

Imports in Asia-Pacific

In 2022, the amount of machine tools for working metal imported in Asia-Pacific rose rapidly to X units, surging by X% on 2021 figures. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, machine-tool for working metal imports shrank modestly to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importer of machine tools for working metal in Asia-Pacific, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Singapore (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and the Philippines (X%). Australia (X units) and Vietnam (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Australia, with a CAGR of X%, 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 when the import price decreased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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