China: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in China

In 2022, the Chinese machine-tool for drilling market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a pronounced expansion 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, consumption decreased by X% against 2019 indices. Machine-tool for drilling consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Production in China

In value terms, machine-tool for drilling production fell 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 pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Machine-Tool For Drilling Exports

Exports from China

In 2022, the amount of machine-tools for drilling, boring or milling metal exported from China shrank significantly to X units, with a decrease of X% compared with the previous year's figure. In general, total exports indicated a tangible increase 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 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, machine-tool for drilling exports rose significantly to $X in 2022. Over the period under review, total exports indicated notable 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 pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of machine-tool for drilling exports from China, together accounting for X% of total exports. Russia, Spain, Brazil, Argentina, Australia, the UK, Canada, Indonesia, Poland and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for machine-tool for drilling exported from China were the United States ($X), Germany ($X) and Russia ($X), with a combined X% share of total exports. Indonesia, Australia, Brazil, the UK, the Netherlands, France, Canada, Poland, Spain and Argentina lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average machine-tool for drilling export price amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Argentina ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into China

Machine-tool for drilling imports into China reduced dramatically to X units in 2022, shrinking by X% on 2021 figures. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports dropped to $X in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest machine-tool for drilling supplier to China, with a X% share of total imports. Moreover, machine-tool for drilling imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Russia (X% per year).

In value terms, the largest machine-tool for drilling suppliers to China were Germany ($X), Japan ($X) and Italy ($X), together accounting for X% of total imports. The UK, South Korea, the United States, Russia and India lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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