Overview of the Global Market for Machine Tools For Working Metal Without Removing Metal

Market Size for Machine Tools For Working Metal Without Removing Metal

In 2021, after three years of growth, there was decline in the global machine tool for metal market, when its value decreased by -2% to $X. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the global market remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal

In value terms, machine tool for metal production declined to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 7.5%. Global production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports

After two years of decline, overseas shipments of machine tools for working metal without removing metal increased by 12% to X units in 2021. In general, exports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2018 with an increase of 13%. The global exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports expanded slightly to $X in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 12%. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), Belgium (X units), Taiwan (Chinese) (X units), Italy (X units) and Japan (X units) represented the main exporters of machine tools for working metal without removing metal, together mixing up 73% of total exports. The following exporters - South Korea (X units), the UK (X units), China (X units) and India (X units) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +52.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest machine tool for metal supplying countries worldwide were Germany ($X), China ($X) and Japan ($X), with a combined 52% share of global exports.

Among the main exporting countries, China, with a CAGR of +5.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, shrinking by -7.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 an increase of 7.3% against the previous year. The global export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the other global leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports

Global machine tool for metal imports dropped slightly to X units in 2021, falling by -2.1% compared with the previous year. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 124%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of global imports remained at a lower figure.

In value terms, machine tool for metal imports stood at $X in 2021. Over the period under review, imports showed a pronounced downturn. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X units) and the UK (X units) were the major importers of machine tools for working metal without removing metal in 2021, accounting for near 14% and 11% of total imports, respectively. It was distantly followed by Peru (X units), constituting a 6.7% share of total imports. Canada (X units), the United Arab Emirates (X units), the United States (X units), the Netherlands (X units), Indonesia (X units), Italy (X units), Thailand (X units), India (X units), Germany (X units) and Bolivia (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +32.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported machine tools for working metal without removing metal worldwide, comprising 13% of global imports. The second position in the ranking was taken by India ($X), with a 4.5% share of global imports. It was followed by Italy, with a 2.6% share.

In the United States, machine tool for metal imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-3.1% per year) and Italy (+5.7% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, picking up by 8.6% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine tool for metal import price decreased by -28.1% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 109% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.7%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :