Asia-Pacific: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Asia-Pacific

In 2021, the Asia-Pacific numerically controlled drilling machine market decreased by -14.8% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a mild shrinkage. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Asia-Pacific

In value terms, numerically controlled drilling machine production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Asia-Pacific

In 2021, shipments abroad of numerically controlled drilling machines for working metal was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 37%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) represented the largest exporting country with an export of about X tons, which finished at 53% of total exports. China (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (11%) and Japan (8.9%).

Exports from Taiwan (Chinese) decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, China (+20.2%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +20.2% from 2012-2021. By contrast, Japan (-27.3%) illustrated a downward trend over the same period. While the share of China (+24 p.p.), Taiwan (Chinese) (+24 p.p.) and South Korea (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-55.2 p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X) remains the largest numerically controlled drilling machine supplier in Asia-Pacific, comprising 53% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) stood at -3.0%. In the other countries, the average annual rates were as follows: China (+10.1% per year) and Japan (-30.2% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 10%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Asia-Pacific

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -6.8% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 35%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports shrank to $X in 2021. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, accounting for X tons, which was near 52% of total imports in 2021. Vietnam (X tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (7.2%), Taiwan (Chinese) (6.7%), India (6.7%) and Australia (4.8%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to numerically controlled drilling machine imports into China stood at -11.1%. At the same time, Australia (+11.5%) and Vietnam (+5.4%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.5% from 2012-2021. By contrast, Malaysia (-3.5%), India (-4.4%), South Korea (-8.2%) and Taiwan (Chinese) (-12.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Vietnam, Australia, India, South Korea and Malaysia increased by +12, +6.2, +4.3, +4.1, +3.1 and +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Asia-Pacific, comprising 48% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.1% share of total imports. It was followed by Vietnam, with a 7.4% share.

In China, numerically controlled drilling machine imports declined by an average annual rate of -14.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-4.7% per year) and Vietnam (+2.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 6.4% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2015 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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