Asia-Pacific: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Asia-Pacific

The Asia-Pacific horizontal machining centre market declined to $X in 2021, waning by -6.5% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Horizontal Machining Centre Production in Asia-Pacific

In value terms, horizontal machining centre production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, showed a slight decline. The growth pace was the most rapid in 2019 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Horizontal Machining Centre Exports

Exports in Asia-Pacific

In 2021, shipments abroad of horizontal machining centres for working metal increased by 86% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a mild reduction. 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, horizontal machining centre exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units) and Taiwan (Chinese) (X units) represented the largest exporters of horizontal machining centres for working metal in 2021, recording near 37% and 35% of total exports, respectively. South Korea (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by China (7.6%) and Hong Kong SAR (5%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest horizontal machining centre supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled -6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.4% per year) and South Korea (-1.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, dropping by -20.3% against the previous year. Over the period under review, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 13%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the other leaders experienced a decline in the export price figures.

Horizontal Machining Centre Imports

Imports in Asia-Pacific

In 2021, purchases abroad of horizontal machining centres for working metal increased by 28% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 107% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, horizontal machining centre imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 38%. 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 key importer of horizontal machining centres for working metal in Asia-Pacific, with the volume of imports finishing at X units, which was near 55% of total imports in 2021. India (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (6.6%) and Hong Kong SAR (4.9%). Malaysia (X units), South Korea (X units), Taiwan (Chinese) (X units), Pakistan (X units), Vietnam (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to horizontal machining centre imports into China stood at -7.8%. At the same time, Vietnam (+26.5%), Pakistan (+13.8%), India (+8.0%), Taiwan (Chinese) (+6.5%), Singapore (+5.7%) and Malaysia (+2.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +26.5% from 2012-2021. By contrast, South Korea (-3.4%), Hong Kong SAR (-9.9%) and Thailand (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Singapore, Pakistan, Malaysia, Vietnam and Taiwan (Chinese) increased by +6.9, +4.1, +2.3, +2.1, +2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported horizontal machining centres for working metal in Asia-Pacific, comprising 69% of total imports. The second position in the ranking was held by India ($X), with an 8.6% share of total imports. It was followed by South Korea, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -8.0%. The remaining importing countries recorded the following average annual rates of imports growth: India (-0.5% per year) and South Korea (-6.2% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, increasing by 6.1% against the previous year. Overall, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2019 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a somewhat 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 ($X per unit), while Pakistan ($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 (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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