Asia-Pacific: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific metal broaching machine market recorded growth in sales value, which increased by 7.6% to $X in 2021. Over the period under review, consumption, however, continues to indicate a prominent expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Metal Broaching Machine Production in Asia-Pacific

In value terms, metal broaching machine production fell to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 0.9%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in Asia-Pacific

After two years of decline, shipments abroad of broaching machines for working metal increased by 25% to X units in 2021. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal broaching machine exports dropped modestly to $X in 2021. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 12% against the previous year. 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

India (X units) and Japan (X units) prevails in exports structure, together constituting 95% of total exports. Taiwan (Chinese) (X units) and China (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +24.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest metal broaching machine supplier in Asia-Pacific, comprising 60% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to -13.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-2.9% per year) and China (+13.1% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, which is down by -24.1% against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2019 when the export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+3.2%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Asia-Pacific

In 2021, approx. X units of broaching machines for working metal were imported in Asia-Pacific; with a decrease of -37.4% against the year before. In general, imports faced a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by 304%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports declined notably to $X in 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 9.8% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India was the major importing country with an import of about X units, which reached 57% of total imports. It was distantly followed by Indonesia (X units), generating a 22% share of total imports. The following importers - Pakistan (X units), South Korea (X units), Vietnam (X units), Singapore (X units), Thailand (X units) and China (X units) - together made up 16% of total imports.

India was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of +29.8% from 2012 to 2021. At the same time, Pakistan (+9.0%) and Vietnam (+5.7%) displayed positive paces of growth. By contrast, South Korea (-9.1%), China (-11.1%), Singapore (-18.7%), Indonesia (-25.5%) and Thailand (-35.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Pakistan, Vietnam and South Korea increased by +56, +3.8, +2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported broaching machines for working metal in Asia-Pacific, comprising 71% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by Indonesia, with a 2.9% share.

In China, metal broaching machine imports declined by an average annual rate of -14.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-10.0% per year) and Indonesia (-22.9% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, approximately mirroring the previous year. Overall, the import price saw a mild expansion. The pace of growth was the most pronounced in 2018 an increase of 872% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 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 ($X per unit), while Singapore ($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 (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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