Asia-Pacific: Market for Numerically Controlled Knee-Type Milling Machines For Working Metal 2024

Market Size for Numerically Controlled Knee-Type Milling Machines For Working Metal in Asia-Pacific

The Asia-Pacific market for numerically controlled knee-type milling machines for working metal fell slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Numerically Controlled Knee-Type Milling Machines For Working Metal in Asia-Pacific

In value terms, numerically controlled knee-type milling machine production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Exports in Asia-Pacific

In 2022, numerically controlled knee-type milling machine exports in Asia-Pacific declined to X units, falling by X% compared with the previous year's figure. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, numerically controlled knee-type milling machine exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the main exporter of numerically controlled knee-type milling machines for working metal, achieving X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), Indonesia (X units), India (X units) and Japan (X units), together achieving a X% share of total exports. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled knee-type milling machine supplying countries in Asia-Pacific were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising X% of total exports. South Korea, India and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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-Pacific stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Imports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Imports in Asia-Pacific

In 2022, supplies from abroad of numerically controlled knee-type milling machines for working metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled knee-type milling machine imports totaled $X in 2022. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. South Korea (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Indonesia (X%). The following importers - the Philippines (X units), Vietnam (X units) and Malaysia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled knee-type milling machine imports into India stood at X%. At the same time, the Philippines (X%), South Korea (X%), Malaysia (X%), Indonesia (X%) and Japan (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. By contrast, Vietnam (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Japan (X p.p.), Indonesia (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported numerically controlled knee-type milling machines for working metal in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In India, numerically controlled knee-type milling machine imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Malaysia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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