Asia: Diamonded Drilling Tools Market 2020

Diamonded Drilling Tools Market Size in Asia

The revenue of the diamonded drilling tools market in Asia amounted to $X in 2017, coming down by -X% against the previous year. The diamonded drilling tools consumption continues to indicate a significant deduction. The most prominent rate of growth was recorded in 2012, when market value increased by X% year-to-year. Over the period under review, the diamonded drilling tools market reached its maximum level of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Diamonded Drilling Tools Production in Asia

The diamonded drilling tools production amounted to X units in 2017, growing by X% against the previous year. The total output indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamonded drilling tools production increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010, when the output figure increased by X% against the previous year. Over the period under review, the diamonded drilling tools production reached its peak figure volume in 2017, and is likely to see steady growth in the immediate term.

Diamonded Drilling Tools Exports in Asia

In 2017, exports of drilling tools with working part of diamond in Asia amounted to X units, picking up by X% against the previous year. The diamonded drilling tools exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, diamonded drilling tools exports totaled $X in 2017. The total exports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamonded drilling tools exports increased by +X% against 2014 indices. The level of exports peaked in 2017, and are likely to see steady growth in the immediate term.

Diamonded Drilling Tools Exports by Country in Asia

China dominates diamonded drilling tools exports structure, reaching X units, which was near X% of total exports in 2017. Japan (X units) took the slight share of total exports.

China was also the fastest growing in terms of the drilling tools with working part of diamond exports, with a CAGR of +X% from 2007 to 2017. Japan (-X%) illustrated a downward trend over the same period. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest diamonded drilling tools supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in China stood at +X%.

Diamonded Drilling Tools Export Prices by Country in Asia

In 2017, the diamonded drilling tools export price in Asia amounted to $X per thousand units, reducing by -X% against the previous year. The diamonded drilling tools export price continues to indicate a drastic setback. The growth pace was the most rapid in 2012, when it surged by X% against the previous year. Over the period under review, the export prices for drilling tools with working part of diamond reached its maximum level of $X per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per unit), while China ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Japan (+X% per year).

Diamonded Drilling Tools Imports in Asia

In 2017, approx. X units of drilling tools with working part of diamond were imported in Asia; jumping by X% against the previous year. The diamonded drilling tools imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2010, when imports increased by X% y-o-y. Over the period under review, the diamonded drilling tools imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, diamonded drilling tools imports totaled $X in 2017. The diamonded drilling tools imports continue to indicate a relatively flat trend pattern. Over the period under review, the diamonded drilling tools imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Diamonded Drilling Tools Imports by Country in Asia

China represented the key importer of drilling tools with working part of diamond in Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2017. It was distantly followed by Thailand (X units), Indonesia (X units) and Vietnam (X units), together creating X% share of total imports. Japan (X units), Malaysia (X units), the Philippines (X units), South Korea (X units), the United Arab Emirates (X units), Turkey (X units) and India (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Vietnam (+X%), Indonesia (+X%), Thailand (+X%), the Philippines (+X%), Malaysia (+X%), India (+X%), Turkey (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Philippines, Malaysia, Vietnam, Indonesia, Thailand and China decreased by -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Thailand, Vietnam, Turkey, India, the United Arab Emirates, Malaysia, Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Vietnam (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Diamonded Drilling Tools Import Prices by Country in Asia

In 2017, the diamonded drilling tools import price in Asia amounted to $X per thousand units, reducing by -X% against the previous year. The diamonded drilling tools import price continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Over the period under review, the import prices for drilling tools with working part of diamond attained its peak figure level of $X per unit in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Korea ($X per unit), while Indonesia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform