Asia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Asia

The Asian non-numerically controlled drilling machine market contracted significantly to $X in 2021, shrinking by -28.8% against the previous year. Over the period under review, consumption saw a noticeable descent. Over the period under review, the market attained the peak level at $X in 2020, and then fell sharply in the following year.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Asia

In value terms, non-numerically controlled drilling machine production declined to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.2% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 30%. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports in Asia

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal increased by 88% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 38% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 4.7% share of total exports. Japan (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the non-numerically controlled drilling machines for working metal exports, with a CAGR of +14.1% from 2012 to 2021. Taiwan (Chinese) (-6.7%) and Japan (-10.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +37 percentage points.

In value terms, China ($X) remains the largest non-numerically controlled drilling machine supplier in Asia, comprising 77% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +3.2%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-5.7% per year) and Japan (-12.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, which is down by -31.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports in Asia

In 2021, the amount of non-numerically controlled drilling machines for working metal imported in Asia expanded significantly to X tons, rising by 11% against 2020 figures. Over the period under review, imports, however, continue to indicate a abrupt downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports fell to $X in 2021. Overall, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 4.1% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the seven major importers of non-numerically controlled drilling machines for working metal, namely Vietnam, Turkey, India, Indonesia, the United Arab Emirates, South Korea and Bangladesh, represented more than two-thirds of total import. The following importers - Malaysia (X tons), Iran (X tons), Japan (X tons), Thailand (X tons), Iraq (X tons) and Cambodia (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. These countries were followed by Turkey, Indonesia, South Korea, the United Arab Emirates, Malaysia, Japan, Iraq, Bangladesh, Iran and Cambodia, which together accounted for a further 40%.

Among the main importing countries, Iraq, with a CAGR of +13.5%, 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

In 2021, the import price in Asia amounted to $X per ton, dropping by -19.2% against the previous year. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 15%. As a result, import price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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