China: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in China

In 2021, the Chinese metal broaching machine market decreased by -29.4% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption faced a dramatic downturn. Metal broaching machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Broaching Machine Production in China

In value terms, metal broaching machine production reached $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports from China

For the third consecutive year, China recorded growth in shipments abroad of broaching machines for working metal, which increased by 17% to X units in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 115% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, metal broaching machine exports surged to $X in 2021. Overall, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for metal broaching machine exports from China, accounting for a 67% share of total exports. Moreover, metal broaching machine exports to Russia exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-36.0% per year) and Germany (+66.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for broaching machines for working metal exports from China, comprising 44% of total exports. The second position in the ranking was held by Mexico ($X), with a 12% share of total exports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-14.6% per year) and Germany (+309.9% per year).

Export Prices by Country

In 2021, the average metal broaching machine export price amounted to $X per unit, increasing by 146% against the previous year. Overall, the export price, however, showed a abrupt descent. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into China

In 2021, supplies from abroad of broaching machines for working metal increased by 18% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 15,402% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, metal broaching machine imports reduced notably to $X in 2021. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 29%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest metal broaching machine supplier to China, accounting for a 52% share of total imports. Moreover, metal broaching machine imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Denmark (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.8% per year) and Denmark (+16.7% per year).

In value terms, Germany ($X), Japan ($X) and Denmark ($X) were the largest metal broaching machine suppliers to China, with a combined 86% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of -0.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, dropping by -43.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 22,507%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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