Asia: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Asia

The Asian non-numerically controlled lathe market reduced dramatically to $X in 2021, with a decrease of -19.2% against the previous year. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Numerically Controlled Lathe Production in Asia

In value terms, non-numerically controlled lathe production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2016 when the production volume increased by 31%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Non-Numerically Controlled Lathe Exports

Exports in Asia

In 2021, non-numerically controlled lathe exports in Asia surged to X units, jumping by 51% compared with 2020. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled lathe exports soared to $X in 2021. Overall, exports, however, recorded a perceptible descent. Over the period under review, the non-numerically controlled laexports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of around X units, which amounted to 63% of total exports. India (X units) ranks second in terms of the total exports with a 26% share, followed by Taiwan (Chinese) (4.9%). Japan (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-numerically controlled lathe exports from China stood at +1.3%. At the same time, India (+21.4%) and Taiwan (Chinese) (+8.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.4% from 2012-2021. By contrast, Japan (-13.0%) illustrated a downward trend over the same period. India (+20 p.p.) and Taiwan (Chinese) (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -5.2% and -8.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest non-numerically controlled lathe supplier in Asia, comprising 57% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total exports. It was followed by Japan, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in China totaled -2.9%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.5% per year) and Japan (-13.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with a decrease of -9.2% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 12%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: 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 (-1.1%), while the other leaders experienced a decline in the export price figures.

Non-Numerically Controlled Lathe Imports

Imports in Asia

In 2021, purchases abroad of non-numerically controlled horizontal lathes, for removing metal was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a deep slump. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, non-numerically controlled laimports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) represented roughly 43% of total imports in 2021. It was distantly followed by China (X units), Turkey (X units), India (X units), Israel (X units) and Japan (X units), together generating a 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and India ($X) were the countries with the highest levels of imports in 2021, together accounting for 56% of total imports.

Turkey, with a CAGR of +4.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2013 when the import price increased by 14% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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