Asia: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Asia

The Asian metal sawing machine market fell to $X in 2021, shrinking by -2.4% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Metal Sawing Machine Production in Asia

In value terms, metal sawing machine production declined to $X in 2021 estimated in export price. Overall, production, however, showed a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 73%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Sawing Machine Exports

Exports in Asia

In 2021, approx. X units of sawing or cutting-off machines for working metal were exported in Asia; picking up by 36% on the previous year's figure. Overall, exports saw a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 219%. 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, metal sawing machine exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 86% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), making up a 6.9% share of total exports. Japan (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the sawing or cutting-off machines for working metal exports, with a CAGR of +5.0% from 2012 to 2021. Japan (-4.2%) and Taiwan (Chinese) (-9.3%) illustrated a downward trend over the same period. China (+19 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -3.1% and -13.2% from 2012 to 2021, respectively.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

China, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, picking up by 1.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 172%. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.9%), while the other leaders experienced mixed trends in the export price figures.

Metal Sawing Machine Imports

Imports in Asia

In 2021, approx. X units of sawing or cutting-off machines for working metal were imported in Asia; with an increase of 21% compared with 2020 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 28%. The volume of import peaked at X units in 2014; afterwards, it flattened through to 2021.

In value terms, metal sawing machine imports soared to $X in 2021. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 18%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X units), distantly followed by South Korea (X units), India (X units), Vietnam (X units), Indonesia (X units) and the United Arab Emirates (X units) represented the major importers of sawing or cutting-off machines for working metal, together comprising 71% of total imports. Japan (X units), Taiwan (Chinese) (X units), Iran (X units), Turkey (X units), Malaysia (X units), Hong Kong SAR (X units) and Bangladesh (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 34% of total imports. India, Turkey, Japan, Taiwan (Chinese), Malaysia, Indonesia, the United Arab Emirates, Iran, Bangladesh and Hong Kong SAR lagged somewhat behind, together comprising a further 37%.

Taiwan (Chinese), with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, which is down by -4.4% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while Hong Kong SAR ($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) (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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