China: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in China

For the fifth year in a row, the Chinese lathe for removing metal market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption faced a abrupt setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Lathes For Removing Metal in China

In value terms, lathe for removing metal production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Lathe for removing metal production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Lathes For Removing Metal

Exports from China

In 2022, shipments abroad of lathes for removing metal increased by X% to X units, rising for the sixth consecutive year after four years of decline. In general, 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 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the lafor removing metal exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lathe for removing metal exports skyrocketed to $X in 2022. Over the period under review, total exports indicated temperate growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Russia (X units) and Poland (X units) were the main destinations of lathe for removing metal exports from China, with a combined X% share of total exports.

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

In value terms, Japan ($X), Russia ($X) and the United States ($X) were the largest markets for lathe for removing metal exported from China worldwide, with a combined X% share of total exports. Germany, Indonesia, Brazil, Poland, Belgium, Argentina, the Netherlands, Australia, the UK and Austria lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into China

After two years of growth, purchases abroad of lathes for removing metal decreased by X% to X units in 2022. Overall, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, lathe for removing metal imports fell markedly to $X in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, lafor removing metal imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest lathe for removing metal supplier to China, with a X% share of total imports. Moreover, lathe for removing metal imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Germany ($X) were the largest lathe for removing metal suppliers to China, together accounting for X% of total imports. South Korea, the United States, Thailand and India lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average lathe for removing metal import price amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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