Asia-Pacific: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Asia-Pacific

In 2021, the Asia-Pacific wood drilling machine market decreased by -20.4% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in Asia-Pacific

In value terms, wood drilling machine production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 256%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports in Asia-Pacific

In 2021, overseas shipments of drilling or morticing machines increased by 53% to X units, rising for the third year in a row after two years of decline. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 56%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wood drilling machine exports soared to $X in 2021. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when exports increased by 75% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X units, which resulted at 67% of total exports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by Singapore (X units). All these countries together took near 30% share of total exports.

China was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of +39.9% from 2012 to 2021. At the same time, Taiwan (Chinese) (+18.7%) and Singapore (+17.2%) displayed positive paces of growth. China (+55 p.p.) and Taiwan (Chinese) (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wood drilling machine supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports.

In China, wood drilling machine exports expanded at an average annual rate of +25.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.3% per year) and Singapore (-24.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, declining by -15.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by 27%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-10.1%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in Asia-Pacific

In 2021, overseas purchases of drilling or morticing machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood drilling machine imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of wood drilling machine imports in 2021 were Thailand (X units), Taiwan (Chinese) (X units) and India (X units), together recording 61% of total import. It was distantly followed by the Philippines (X units), Singapore (X units) and Australia (X units), together achieving a 28% share of total imports. Malaysia (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported drilling or morticing machines in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by the Philippines, with a 4.8% share.

In Taiwan (Chinese), wood drilling machine imports increased at an average annual rate of +17.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+2.6% per year) and the Philippines (+24.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, which is down by -38.3% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 71% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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