Asia: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Asia

For the third consecutive year, the Asian thread rolling machine market recorded decline in sales value, which decreased by -1.3% to $X in 2022. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Thread Rolling Machine Production in Asia

In value terms, thread rolling machine production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Thread Rolling Machine Exports

Exports in Asia

Thread rolling machine exports soared to X units in 2022, rising by 24% on the year before. Over the period under review, exports saw a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of 94%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, thread rolling machine exports contracted modestly to $X in 2022. In general, exports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 82% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), achieving an 8.3% share of total exports. India (X units), Jordan (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to thread rolling machine exports from China stood at +4.7%. At the same time, India (+27.9%) and Jordan (+18.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.9% from 2012-2022. By contrast, Taiwan (Chinese) (-1.4%) and Japan (-10.7%) illustrated a downward trend over the same period. While the share of China (+8.8 p.p.) and India (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-5.2 p.p.) and Japan (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest thread rolling machine supplying countries in Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), with a combined 89% share of total exports.

China, with a CAGR of +6.9%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, dropping by -20.7% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, 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 ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced a decline in the export price figures.

Thread Rolling Machine Imports

Imports in Asia

In 2022, overseas purchases of thread rolling machines for working metal, sintered metal carbides or cermets increased by 62% to X units, rising for the second year in a row after two years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, thread rolling machine imports expanded slightly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bahrain (X units) and India (X units) were the key importers of thread rolling machines for working metal, sintered metal carbides or cermets in Asia, together comprising 45% of total imports. Qatar (X units) took the next position in the ranking, followed by China (X units) and Turkey (X units). All these countries together held near 23% share of total imports. The following importers - Malaysia (X units), the Philippines (X units), Vietnam (X units), Uzbekistan (X units) and the United Arab Emirates (X units) - together made up 16% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +95.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported thread rolling machines for working metal, sintered metal carbides or cermets in Asia, comprising 37% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Turkey (+10.0% per year) and India (+14.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, waning by -36.5% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 15%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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