China: Metal Treating Machine Market 2022

Metal Treating Machine Market Size in China

In 2021, the Chinese metal treating machine market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a strong expansion 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, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Metal Treating Machine Production in China

In value terms, metal treating machine production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then fell rapidly in the following year.

Metal Treating Machine Exports

Exports from China

In 2021, overseas shipments of machines for treating metal, having individual functions increased by X% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal treating machine exports soared to $X in 2021. Overall, exports enjoyed a resilient increase. 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 metal treating machine exports from China, accounting for a X% share of total exports. Moreover, metal treating machine exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, Vietnam ($X) remains the key foreign market for metal treating machine exports from China, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average metal treating machine export price amounted to $X per unit, shrinking by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Treating Machine Imports

Imports into China

In 2021, the amount of machines for treating metal, having individual functions imported into China surged to X units, picking up by X% on the previous year's figure. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal treating machine imports surged to $X in 2021. In general, imports enjoyed resilient growth. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and South Korea (X units) were the main suppliers of metal treating machine imports to China, with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), the United States, Switzerland, Italy, Serbia and Hong Kong SAR, which together accounted for a further X 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and South Korea ($X) were the largest metal treating machine suppliers to China, together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), Italy, Switzerland, the United States, Hong Kong SAR and Serbia, which together accounted for a further X, with a CAGR of +X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average metal treating machine import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Italy ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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