China: Market for Machine-Tools For Working Any Material By Removal Of Material 2022

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

The Chinese machine-tool for removing material market surged to $X in 2021, rising by X% against the previous year. In general, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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 2021 estimated in export price. In general, production showed a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Machine-tool for removing material production peaked at $X in 2020, and then fell modestly in the following year.

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

Exports from China

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from China; jumping by X% on 2020. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material exports surged to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Belgium (+X% per year).

In value terms, the largest markets for machine-tool for removing material exported from China were the United States ($X), Vietnam ($X) and India ($X), together accounting for X% of total exports. Russia, Brazil, Germany, Mexico, Australia, Poland, Japan, the UK, Canada and Belgium lagged somewhat behind, together comprising a further X terms of the main countries of destination, Poland, 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

In 2021, the average machine-tool for removing material export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), 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

After three years of decline, overseas purchases of machine-tools for working any material by removal of material increased by X% to X units in 2021. Overall, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports surged to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest machine-tool for removing material supplier to China, with a X% share of total imports. Moreover, machine-tool for removing material imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was held by South Korea (X units), with an X% share.

From 2012 to 2021, 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: Taiwan (Chinese) (-X% per year) and South Korea (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and South Korea (+X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, surging by X% against the previous year. Overall, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: 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 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform