China: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in China

In 2022, after two years of decline, there was significant growth in the Chinese machine-tool for drilling market, when its value increased by 93% to $X. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -7.6% against 2019 indices. Machine-tool for drilling consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Production in China

In value terms, machine-tool for drilling production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from China

In 2022, the amount of machine-tools for drilling, boring or milling metal exported from China declined rapidly to X units, waning by -15.8% compared with the year before. In general, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. The exports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, machine-tool for drilling exports rose notably to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 37%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of machine-tool for drilling exports from China, together accounting for 36% of total exports. Russia, Spain, Brazil, Argentina, Australia, the UK, Canada, Indonesia, Poland and France lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +21.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Russia ($X) appeared to be the largest markets for machine-tool for drilling exported from China worldwide, with a combined 25% share of total exports. Indonesia, Australia, Brazil, the UK, the Netherlands, France, Canada, Poland, Spain and Argentina lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +12.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, rising by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 an increase of 31%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into China

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported into China; falling by -25.1% compared with the previous year. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 8%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports dropped to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of machine-tool for drilling to China, accounting for a 36% share of total imports. Moreover, machine-tool for drilling imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Russia (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.7% per year) and Russia (+6.3% per year).

In value terms, the largest machine-tool for drilling suppliers to China were Germany ($X), Japan ($X) and Italy ($X), with a combined 47% share of total imports. The UK, South Korea, the United States, Russia and India lagged somewhat behind, together comprising a further 5.4%.

Among the main suppliers, the UK, with a CAGR of -5.2%, 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 a decline.

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, increasing by 14% against the previous year. Over the period under review, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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