Asia: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Asia

The Asian metal threading machine market dropped to $X in 2021, waning by -11.3% against the previous year. In general, consumption recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Threading Machine Production in Asia

In value terms, metal threading machine production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 4.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Threading Machine Exports

Exports in Asia

In 2021, approx. X units of threading or tapping machines for working metal were exported in Asia; rising by 46% on 2020 figures. In general, exports, however, continue to indicate a slight decline. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal threading machine exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of threading or tapping machines for working metal in Asia, with the volume of exports amounting to X units, which was approx. 56% of total exports in 2021. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a 14% share, followed by Japan (8.5%), Turkey (4.8%) and South Korea (4.7%). Thailand (X units) and Singapore (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the threading or tapping machines for working metal exports, with a CAGR of +23.1% from 2012 to 2021. At the same time, Turkey (+20.9%) displayed positive paces of growth. By contrast, Singapore (-2.4%), Thailand (-4.8%), South Korea (-9.8%), Taiwan (Chinese) (-10.9%) and Japan (-13.1%) illustrated a downward trend over the same period. While the share of China (+49 p.p.) and Turkey (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-5.7 p.p.), Japan (-17.8 p.p.) and Taiwan (Chinese) (-21.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal threading machine supplier in Asia, comprising 43% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports. It was followed by Japan, with a 10% share.

In China, metal threading machine exports increased at an average annual rate of +12.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-14.7% per year) and Japan (-20.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, which is down by -20.4% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 14%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Metal Threading Machine Imports

Imports in Asia

In 2021, the amount of threading or tapping machines for working metal imported in Asia soared to X units, jumping by 21% against the previous year. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 38%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports rose significantly to $X in 2021. Overall, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey was the main importing country with an import of around X units, which amounted to 29% of total imports. India (X units) took the second position in the ranking, followed by Indonesia (X units), Vietnam (X units) and Malaysia (X units). All these countries together held near 35% share of total imports. Singapore (X units), South Korea (X units), Thailand (X units), Taiwan (Chinese) (X units), Iran (X units), the United Arab Emirates (X units), China (X units) and Japan (X units) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Iran (+8.7%), the United Arab Emirates (+3.9%) and Vietnam (+2.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, with a CAGR of +8.7% from 2012-2021. By contrast, Indonesia (-5.5%), India (-5.9%), Singapore (-7.1%), Japan (-7.3%), Taiwan (Chinese) (-10.7%), South Korea (-12.3%), Malaysia (-19.3%), China (-26.4%) and Thailand (-32.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Vietnam, India, Indonesia, Iran, the United Arab Emirates and Singapore increased by +22, +6.1, +4.4, +4.4, +2.3, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), India ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +1.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, declining by -12.4% against the previous year. Overall, the import price saw a slight descent. The growth pace was the most rapid in 2019 when the import price increased by 20% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Iran ($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 (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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