Eastern Asia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Eastern Asia

In 2022, the East Asian lathe for removing metal market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Eastern Asia

In value terms, lathe for removing metal production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of lathes for removing metal, which increased by X% to X units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, lathe for removing metal exports rose significantly to $X in 2022. Over the period under review, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the main exporter of lathes for removing metal in Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) held the second position in the ranking, followed by Japan (X units) and South Korea (X units). All these countries together took near X% share of total exports.

China was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while China ($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 other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Eastern Asia

In 2022, approx. X units of lathes for removing metal were imported in Eastern Asia; shrinking by X% on the previous year. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, lafor removing metal imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lathe for removing metal imports dropped to $X in 2022. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, lafor removing metal imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China represented the main importer of lathes for removing metal in Eastern Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Japan (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 took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lathe for removing metal imports into China stood at X%. At the same time, Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and Taiwan (Chinese) increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported lathes for removing metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($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 totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (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, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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