Eastern Asia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Eastern Asia

The East Asian metal broaching machine market reduced modestly to $X.1B in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X.1B. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Eastern Asia

In value terms, metal broaching machine production reduced slightly to $X.6B in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X.1B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in Eastern Asia

In 2022, overseas shipments of broaching machines for working metal decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, metal broaching machine exports reached $X in 2022. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan represented the major exporter of broaching machines for working metal in Eastern Asia, with the volume of exports accounting for X units, which was near X% of total exports in 2022. China (X units) took the second position in the ranking, distantly followed by South Korea (X units) and Taiwan (Chinese) (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal broaching machine exports from Japan stood at X%. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest metal broaching machine supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In Japan, metal broaching machine exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, showed a mild setback. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Eastern Asia

Metal broaching machine imports shrank rapidly to X units in 2022, waning by X% on the year before. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal broaching machine imports dropped sharply to $X in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the key importer of broaching machines for working metal in Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%).

From 2012 to 2022, average annual rates of growth with regard to metal broaching machine imports into China stood at X%. Japan experienced a relatively flat trend pattern. Hong Kong SAR (X%), Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported broaching machines for working metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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