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

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

The Asia-Pacific machine-tool for working wood market soared to $X in 2023, growing by X% against the previous year. Overall, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Wood in Asia-Pacific

In value terms, machine-tool for working wood production rose significantly to $X in 2023 estimated in export price. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in Asia-Pacific

In 2023, the amount of machine-tools for working wood exported in Asia-Pacific fell rapidly to X units, declining by X% compared with 2022 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports dropped to $X in 2023. Total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, reaching X units, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machine-tools for working wood exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Imports of Machine-Tools For Working Wood

Imports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded growth in purchases abroad of machine-tools for working wood, which increased by X% to X units in 2023. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports dropped modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the Philippines (X units) and India (X units) represented the major importers of machine-tools for working wood in Asia-Pacific, together resulting at near X% of total imports. Singapore (X units) held the next position in the ranking, followed by Thailand (X units) and Malaysia (X units). All these countries together held approx. X% share of total imports. Australia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood importing markets in Asia-Pacific were India ($X), Australia ($X) and Malaysia ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. In general, the import price faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform