Asia: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Asia

The Asian horizontal machining centre market expanded slightly to $X in 2021, with an increase of 3% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Horizontal Machining Centre Production in Asia

In value terms, horizontal machining centre production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Horizontal Machining Centre Exports

Exports in Asia

In 2021, shipments abroad of horizontal machining centres for working metal was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, horizontal machining centre exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) and Taiwan (Chinese) (X units) were the main exporters of horizontal machining centres for working metal in 2021, recording approx. 35% and 34% of total exports, respectively. South Korea (X units) ranks next in terms of the total exports with a 10% share, followed by China (7.4%) and Hong Kong SAR (4.9%). Singapore (X units) and Turkey (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +40.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest horizontal machining centre supplier in Asia, comprising 56% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by South Korea, with a 13% share.

In Japan, horizontal machining centre exports plunged by an average annual rate of -6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-4.4% per year) and South Korea (-1.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, which is down by -20.7% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 14% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Japan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the other leaders experienced a decline in the export price figures.

Horizontal Machining Centre Imports

Imports in Asia

In 2021, overseas purchases of horizontal machining centres for working metal increased by 33% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 101%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, horizontal machining centre imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of about X units, which amounted to 48% of total imports. Turkey (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by India (8.7%) and Singapore (5.7%). Hong Kong SAR (X units), Malaysia (X units), South Korea (X units), Taiwan (Chinese) (X units), Pakistan (X units), the United Arab Emirates (X units), Vietnam (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to horizontal machining centre imports into China stood at -7.8%. At the same time, Vietnam (+26.5%), the United Arab Emirates (+15.3%), Pakistan (+13.8%), Turkey (+11.3%), India (+8.0%), Taiwan (Chinese) (+6.5%), Singapore (+5.7%) and Malaysia (+2.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +26.5% from 2012-2021. By contrast, South Korea (-3.4%), Hong Kong SAR (-9.9%) and Thailand (-12.5%) illustrated a downward trend over the same period. Turkey (+8 p.p.), India (+5.7 p.p.), Singapore (+3.3 p.p.), Pakistan (+2 p.p.), the United Arab Emirates (+1.9 p.p.), Vietnam (+1.7 p.p.), Malaysia (+1.6 p.p.) and Taiwan (Chinese) (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Hong Kong SAR and China saw its share reduced by -2.3%, -3.2% and -21% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported horizontal machining centres for working metal in Asia, comprising 60% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by India, with a 7.6% share.

In China, horizontal machining centre imports declined by an average annual rate of -8.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+7.9% per year) and India (-0.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with an increase of 3.5% against the previous year. In general, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the import prices remained at a 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 ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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