Asia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Asia

For the third year in a row, the Asian metal broaching machine market recorded growth in sales value, which increased by 7.3% to $X in 2021. In general, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in Asia

In value terms, metal broaching machine production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 0.9% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in Asia

In 2021, shipments abroad of broaching machines for working metal increased by 25% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 26%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports fell slightly to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) and Japan (X units) dominates exports structure, together constituting 94% of total exports. Taiwan (Chinese) (X units) and China (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest metal broaching machine supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -13.5%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-2.9% per year) and China (+13.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, which is down by -23.4% against the previous year. In general, the export price showed a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Asia

In 2021, supplies from abroad of broaching machines for working metal decreased by -65.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 294% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports shrank dramatically to $X in 2021. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 11%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India represented the largest importer of broaching machines for working metal in Asia, with the volume of imports resulting at X units, which was approx. 53% of total imports in 2021. It was distantly followed by Indonesia (X units), achieving a 21% share of total imports. The following importers - Pakistan (X units), Israel (X units), South Korea (X units), Vietnam (X units), Singapore (X units), Thailand (X units) and China (X units) - together made up 18% of total imports.

India was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of +29.8% from 2012 to 2021. At the same time, Pakistan (+9.0%) and Vietnam (+5.7%) displayed positive paces of growth. By contrast, South Korea (-9.1%), China (-11.1%), Singapore (-18.7%), Israel (-20.7%), Indonesia (-25.5%) and Thailand (-35.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Pakistan and Vietnam increased by +52, +3.6 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported broaching machines for working metal in Asia, comprising 68% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Indonesia, with a 2.7% share.

In China, metal broaching machine imports declined by an average annual rate of -14.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-10.0% per year) and Indonesia (-22.9% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with an increase of 83% against the previous year. Over the period under review, the import price recorded a slight expansion. The pace of growth was the most pronounced in 2018 an increase of 771%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+21.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :