China: Overview of the Market for Machine-Tools For Working Any Material By Removal Of Material 2021

Market Size for Machine-Tools For Working Any Material By Removal Of Material in China

For the third consecutive year, the Chinese machine-tool for removing material market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Machine-tool for removing material consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in China

In value terms, machine-tool for removing material production contracted slightly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from China

In 2020, the amount of machine-tools for working any material by removal of material exported from China soared to X units, surging by X% against the previous year. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to see steady growth in the immediate term.

In value terms, machine-tool for removing material exports expanded remarkably to $X in 2020. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

The U.S. (X units) was the main destination for machine-tool for removing material exports from China, accounting for a X% share of total exports. Moreover, machine-tool for removing material exports to the U.S. exceeded the volume sent to the second major destination, Belgium (X units), fivefold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Russia (+X% per year).

In value terms, the largest markets for machine-tool for removing material exported from China were Viet Nam ($X), the U.S. ($X) and South Korea ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Viet Nam recorded the highest growth rate of 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

In 2020, the average machine-tool for removing material export price amounted to $X per unit, declining by -X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The export price peaked at $X per unit in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Viet Nam ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into China

In 2020, the amount of machine-tools for working any material by removal of material imported into China expanded notably to X units, with an increase of X% against 2019 figures. Overall, imports showed a measured expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, machine-tool for removing material imports rose rapidly to $X in 2020. Over the period under review, total imports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Japan (X units) constituted the largest machine-tool for removing material supplier to China, accounting for a X% share of total imports. Moreover, machine-tool for removing material imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. The U.S. (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Japan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and the U.S. (+X% per year).

In value terms, Japan ($X) constituted the largest supplier of machine-tool for removing material to China, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Japan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Singapore (+X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2020, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for working any material by removal of material in the world?

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The countries with the highest volumes of machine-tool for removing material consumption in 2020 were China (198K units), Japan (156K units) and the UK (78K units), together comprising 38% of global consumption. The Netherlands, the U.S., Spain, Australia, India, Mexico, Italy, Germany, Ethiopia and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of machine-tools for working any material by removal of material in the world?

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The countries with the highest volumes of machine-tool for removing material production in 2020 were China (246K units), Japan (160K units) and Italy (22K units), with a combined 65% share of global production. France, Mexico, Germany, Ethiopia, Switzerland, Spain, Taiwan (Chinese), South Korea, Turkey and India lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of machine-tools for working any material by removal of material to China?

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In value terms, Japan ($404M) constituted the largest supplier of machine-tool for removing material to China, comprising 41% of total imports. The second position in the ranking was occupied by Germany ($186M), with a 19% share of total imports. It was followed by Singapore, with a 12% share.

What are the leading importers of machine-tools for working any material by removal of material from China?

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In value terms, the largest markets for machine-tool for removing material exported from China were Viet Nam ($122M), the U.S. ($111M) and South Korea ($110M), together accounting for 27% of total exports.

What is the average export price for machine-tools for working any material by removal of material in China?

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In 2020, the average machine-tool for removing material export price amounted to $17,081 per unit, reducing by -12.4% against the previous year.

What is the average import price for machine-tools for working any material by removal of material in China?

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In 2020, the average machine-tool for removing material import price amounted to $38,958 per unit, leveling off at the previous year.