Asia-Pacific: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Asia-Pacific

The Asia-Pacific lathe for removing metal market dropped to $X in 2021, which is down by -13.8% against the previous year. In general, consumption showed a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Asia-Pacific

In value terms, lathe for removing metal production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.9%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Asia-Pacific

In 2021, exports of lathes for removing metal in Asia-Pacific skyrocketed to X units, increasing by 29% compared with 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports soared to $X in 2021. Overall, exports, however, recorded a noticeable contraction. Over the period under review, the lafor removing metal exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of around X units, which accounted for 49% of total exports. It was distantly followed by Taiwan (Chinese) (X units), South Korea (X units), Japan (X units) and Australia (X units), together generating a 41% share of total exports. India (X units) and Singapore (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from China stood at +2.7%. At the same time, Australia (+22.5%) and South Korea (+11.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.5% from 2012-2021. By contrast, Singapore (-1.9%), Japan (-3.5%), India (-6.5%) and Taiwan (Chinese) (-8.5%) illustrated a downward trend over the same period. China (+12 p.p.), South Korea (+8.3 p.p.) and Australia (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Japan, India and Taiwan (Chinese) saw its share reduced by -2.2%, -3.1% and -19.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 77% share of total exports. China, Singapore, India and Australia lagged somewhat behind, together comprising a further 16%.

Among the main exporting countries, China, with a CAGR of +0.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 3.8% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 29%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lathes For Removing Metal

Imports in Asia-Pacific

In 2021, the amount of lathes for removing metal imported in Asia-Pacific surged to X units, rising by 41% on the previous year. Over the period under review, imports, however, saw a slight 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, lathe for removing metal imports soared to $X in 2021. In general, imports, however, showed a pronounced slump. 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 (X units), Australia (X units), India (X units), Thailand (X units) and Malaysia (X units) represented roughly 57% of total imports in 2021. Singapore (X units) held the next position in the ranking, followed by Bangladesh (X units), South Korea (X units) and Japan (X units). All these countries together took approx. 23% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported lathes for removing metal in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by India, with a 9.4% share.

In China, lathe for removing metal imports decreased by an average annual rate of -3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+4.2% per year) and India (-4.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, dropping by -3.6% against the previous year. In general, the import price showed a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 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 ($X per unit), while Bangladesh ($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 (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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