China: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in China

In 2021, the Chinese lathe for removing metal market decreased by -23.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a slight shrinkage. Lathe for removing metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in China

In value terms, lathe for removing metal production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12%. Lathe for removing metal production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Lathes For Removing Metal

Exports from China

In 2021, approx. X units of lathes for removing metal were exported from China; increasing by 25% against 2020. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the lafor removing metal exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for lathe for removing metal exports from China, accounting for a 20% share of total exports. Moreover, lathe for removing metal exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Russia (X units), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.1% per year) and Russia (+2.7% per year).

In value terms, Japan ($X) remains the key foreign market for lathes for removing metal exports from China, comprising 18% of total exports. The second position in the ranking was held by Russia ($X), with an 8.1% share of total exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+7.4% per year) and Germany (-5.0% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, surging by 12% against the previous year. Overall, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2014 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Austria ($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 Belgium (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into China

In 2021, imports of lathes for removing metal into China soared to X units, picking up by 42% against 2020 figures. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable reduction. Over the period under review, lafor removing metal imports reached the maximum 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 supplier of lathe for removing metal to China, accounting for a 19% share of total imports. Moreover, lathe for removing metal imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Germany (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.9% per year) and Germany (-4.0% per year).

In value terms, the largest lathe for removing metal suppliers to China were Japan ($X), Germany ($X) and South Korea ($X), together accounting for 53% of total imports. These countries were followed by Italy, Thailand, the United States and India, which together accounted for a further 6.9%.

Among the main suppliers, Thailand, with a CAGR of +3.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, declining by -12.5% against the previous year. Overall, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($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) (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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