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

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

In 2021, the Asian numerically controlled drilling machine market decreased by -14.7% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a slight slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Asia

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Asia

In 2021, overseas shipments of numerically controlled drilling machines for working metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 33%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) represented the major exporting country with an export of around X tons, which recorded 47% of total exports. China (X tons) took the second position in the ranking, distantly followed by Turkey (X tons), South Korea (X tons) and Japan (X tons). All these countries together held near 51% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to numerically controlled drilling machine exports from Taiwan (Chinese) stood at -3.4%. At the same time, Turkey (+25.5%), China (+20.2%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.5% from 2012-2021. By contrast, Japan (-27.3%) illustrated a downward trend over the same period. While the share of China (+21 p.p.), Taiwan (Chinese) (+18 p.p.), Turkey (+11 p.p.) and South Korea (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-55.8 p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X) remains the largest numerically controlled drilling machine supplier in Asia, comprising 47% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) stood at -3.0%. In the other countries, the average annual rates were as follows: China (+10.1% per year) and Japan (-30.2% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 8.8% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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, the country with the highest price was Japan ($X per ton), while China ($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) (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Asia

In 2021, purchases abroad of numerically controlled drilling machines for working metal decreased by -5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 32%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports fell modestly to $X in 2021. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China was the major importer of numerically controlled drilling machines for working metal in Asia, with the volume of imports accounting for X tons, which was approx. 47% of total imports in 2021. Vietnam (X tons) ranks second in terms of the total imports with a 6.7% share, followed by South Korea (6.6%), Turkey (6.1%), Taiwan (Chinese) (6.1%) and India (6.1%). Qatar (X tons), Malaysia (X tons), Thailand (X tons), Indonesia (X tons), Hong Kong SAR (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -11.1% from 2012 to 2021. At the same time, Qatar (+38.4%), Iran (+7.8%) and Vietnam (+5.4%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +38.4% from 2012-2021. By contrast, Turkey (-2.8%), Malaysia (-3.5%), India (-4.4%), South Korea (-8.2%), Indonesia (-10.9%), Taiwan (Chinese) (-12.6%), Thailand (-29.7%) and Hong Kong SAR (-32.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Vietnam, Turkey, India, Qatar, South Korea and Malaysia increased by +9.1, +5.5, +3.9, +3.5, +3.3, +2.6 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Asia, comprising 46% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.7% share of total imports. It was followed by Vietnam, with a 7.1% share.

In China, numerically controlled drilling machine imports declined by an average annual rate of -14.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-4.7% per year) and Vietnam (+2.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by 4.2% against the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2015 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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