Asia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Asia

For the third year in a row, the Asian lathe for removing metal market recorded decline in sales value, which decreased by -7% to $X in 2021. In general, consumption, however, showed a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Asia

In value terms, lathe for removing metal production rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, lafor removing metal production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports in Asia

In 2021, approx. X units of lathes for removing metal were exported in Asia; increasing by 29% on 2020 figures. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced descent. Over the period under review, the lafor removing metal exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at 51% of total exports. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units) and Japan (X units). All these countries together took near 38% share of total exports. The following exporters - India (X units), Singapore (X units) and Thailand (X units) - together made up 8.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from China stood at +2.7%. At the same time, Thailand (+25.8%) and South Korea (+11.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.8% from 2012-2021. By contrast, Singapore (-1.9%), Japan (-3.5%), India (-6.5%) and Taiwan (Chinese) (-8.5%) illustrated a downward trend over the same period. China (+14 p.p.), South Korea (+8.8 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan, India and Taiwan (Chinese) saw its share reduced by -1.9%, -2.9% and -18.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lathe for removing metal supplying countries in Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising 76% of total exports. These countries were followed by China, Thailand, Singapore and India, which together accounted for a further 22%.

In terms of the main exporting countries, Thailand, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, growing by 4.2% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the export price increased by 30% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lathes For Removing Metal

Imports in Asia

In 2021, the amount of lathes for removing metal imported in Asia soared to X units, rising by 32% compared with the previous year. Overall, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2014 with an increase of 37% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, lathe for removing metal imports soared to $X in 2021. In general, imports, however, saw a noticeable shrinkage. Over the period under review, lafor removing metal imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units), India (X units), Thailand (X units), Malaysia (X units), the United Arab Emirates (X units), Singapore (X units), Bangladesh (X units), South Korea (X units), Japan (X units), the Philippines (X units) and Taiwan (Chinese) (X units) represented roughly 84% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal importing markets in Asia were China ($X), Turkey ($X) and Japan ($X), together comprising 55% of total imports. These countries were followed by India, Taiwan (Chinese), South Korea, Thailand, Malaysia, Singapore, the United Arab Emirates, the Philippines and Bangladesh, which together accounted for a further 32%.

In terms of the main importing countries, Bangladesh, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, picking up by 3.8% against the previous year. Overall, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2016 when the import price increased by 21% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Bangladesh ($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 (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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