Eastern Asia: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Eastern Asia

In 2022, the East Asian gear cutting machine market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, showed resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gear Cutting Machine Production in Eastern Asia

In value terms, gear cutting machine production reduced modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports in Eastern Asia

In 2022, overseas shipments of gear cutting, gear grinding or gear finishing machines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear cutting machine exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), making up a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of gear cutting, gear grinding or gear finishing machines. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, Japan ($X) remains the largest gear cutting machine supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

In Japan, gear cutting machine exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2021, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Gear Cutting Machine Imports

Imports in Eastern Asia

In 2022, approx. X units of gear cutting, gear grinding or gear finishing machines were imported in Eastern Asia; falling by X% compared with the year before. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, gear cutting machine imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

China was the key importing country with an import of around X units, which amounted to X% of total imports. South Korea (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units) and Japan (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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, gear cutting machine import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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