China: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in China

The Chinese machine tool for metal market expanded modestly to $X in 2022, with an increase of X% against the previous year. In general, consumption posted strong growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in China

In value terms, machine tool for metal production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from China

In 2022, the amount of machine tools for working metal without removing metal exported from China soared to X units, rising by X% on the previous year's figure. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, machine tool for metal exports surged to $X in 2022. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X units), India (X units) and the United States (X units) were the main destinations of machine tool for metal exports from China, with a combined X% share of total exports. Australia, Vietnam, South Korea, Russia, Mexico, Tanzania, Japan, Singapore, Turkey and Pakistan lagged somewhat behind, together accounting for a further X%.

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

In value terms, India ($X) remains the key foreign market for machine tools for working metal without removing metal exports from China, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Turkey (X% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Australia ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into China

In 2022, machine tool for metal imports into China skyrocketed to X units, jumping by X% against 2021 figures. Overall, total imports indicated a remarkable 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports shrank significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of machine tool for metal imports to China, together comprising X% of total imports.

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

In value terms, Germany ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest machine tool for metal suppliers to China, together comprising X% of total imports. Switzerland, Spain, France, South Korea, the United States, the UK and Denmark lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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