China: Market for Numerically Controlled Drilling Machines For Working Metal 2022

Market Size for Numerically Controlled Drilling Machines For Working Metal in China

In 2021, the Chinese numerically controlled drilling machine market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in China

In value terms, numerically controlled drilling machine production declined to $X in 2021 estimated in export price. In general, production, however, posted a significant 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 maximum level at $X in 2020, and then declined in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from China

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from China; picking up by X% compared with the previous year's figure. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, numerically controlled drilling machine exports expanded to $X in 2021. In general, total exports indicated buoyant growth 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, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), India (X tons) and Vietnam (X tons) were the main destinations of numerically controlled drilling machine exports from China, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Vietnam ($X) constituted the largest markets for numerically controlled drilling machine exported from China worldwide, together accounting for X% of total exports. These countries were followed by India, Taiwan (Chinese), Russia, Malaysia, the United States, Thailand, Indonesia, Bangladesh and the United Arab Emirates, which together accounted for a further X the main countries of destination, India, with a CAGR of +X%, saw 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 2021, the average numerically controlled drilling machine export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price, however, saw a tangible increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into China

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports shrank to $X in 2021. In general, imports faced a deep reduction. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of numerically controlled drilling machine to China, with a X% share of total imports. Moreover, numerically controlled drilling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and South Korea (+X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of numerically controlled drilling machine to China, comprising X% of total imports. The second position in the ranking was taken by Germany ($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 growth rate of value from Taiwan (Chinese) stood at -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

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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