Asia-Pacific: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Asia-Pacific

In 2021, the Asia-Pacific machine-tool for removing material market decreased by -6.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, saw a perceptible decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Asia-Pacific

In value terms, machine-tool for removing material production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in overseas shipments of machine-tools for working any material by removal of material, which increased by 53% to X units in 2021. In general, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the main exporter of machine-tools for working any material by removal of material, achieving 79% of total exports. It was distantly followed by Singapore (X units), achieving a 10% share of total exports. Taiwan (Chinese) (X units) and Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of +17.9% from 2012 to 2021. At the same time, Japan (+12.7%), Singapore (+7.7%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. From 2012 to 2021, the share of China increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for removing material supplying countries in Asia-Pacific were China ($X), Japan ($X) and Singapore ($X), with a combined 79% share of total exports.

Among the main exporting countries, China, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, falling by -7.3% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 14%. The level of export peaked at $X per unit in 2017; however, from 2018 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 Japan ($X per unit), while China ($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 (-2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Asia-Pacific

In 2021, approx. X units of machine-tools for working any material by removal of material were imported in Asia-Pacific; with an increase of 59% compared with the year before. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 144%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the major importing country with an import of about X units, which amounted to 43% of total imports. Australia (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (8%) and Pakistan (5%). Singapore (X units), Taiwan (Chinese) (X units), China (X units), Thailand (X units), Japan (X units) and Vietnam (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +47.3% from 2012 to 2021. At the same time, the Philippines (+55.6%), Pakistan (+43.7%), Taiwan (Chinese) (+21.8%), Australia (+16.4%), Japan (+8.1%) and Vietnam (+5.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +55.6% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, Thailand (-5.2%) and Singapore (-8.0%) illustrated a downward trend over the same period. India (+39 p.p.), the Philippines (+7.5 p.p.), Pakistan (+4.4 p.p.), Australia (+3.7 p.p.) and Taiwan (Chinese) (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, China, Thailand and Singapore saw its share reduced by -1.6%, -7.4%, -11.8% and -25% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by India, with a 6.6% share.

In China, machine-tool for removing material imports expanded at an average annual rate of +2.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.5% per year) and India (+13.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, with a decrease of -14% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 120% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood 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 Vietnam (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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