Eastern Asia: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Eastern Asia

The East Asian numerically controlled drilling machine market was finally on the rise to reach $X in 2022, after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Eastern Asia

In value terms, numerically controlled drilling machine production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild setback. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Eastern Asia

In 2022, numerically controlled drilling machine exports in Eastern Asia shrank to X units, leveling off at the year before. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports totaled $X in 2022. Overall, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) and China (X units) dominates exports structure, together making up X% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($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%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a noticeable setback. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($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 a decline in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Eastern Asia

In 2022, supplies from abroad of numerically controlled drilling machines for working metal decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports reduced remarkably to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) and South Korea (X units) represented the main importers of numerically controlled drilling machines for working metal in Eastern Asia, together comprising X% of total imports. Taiwan (Chinese) (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Japan (X%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($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 amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: 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, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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