China: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in China

The Chinese machine-tool for removing material market fell markedly to $X in 2021, declining by -18.5% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.2% against 2019 indices. Machine-tool for removing material consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in China

In value terms, machine-tool for removing material production fell to $X in 2021 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 278%. Machine-tool for removing material production peaked at $X in 2020, and then shrank in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from China

For the tenth year in a row, China recorded growth in overseas shipments of machine-tools for working any material by removal of material, which increased by 65% to X units in 2021. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports soared to $X in 2021. In general, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for machine-tool for removing material exports from China, accounting for a 35% share of total exports. Moreover, machine-tool for removing material exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fivefold. Russia (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+28.1% per year) and Russia (+18.0% per year).

In value terms, the largest markets for machine-tool for removing material exported from China were the United States ($X), Vietnam ($X) and India ($X), together comprising 21% of total exports. Russia, Brazil, Germany, Mexico, Australia, Poland, Japan, the UK, Canada and Belgium lagged somewhat behind, together accounting for a further 27%.

Poland, with a CAGR of +30.6%, saw the highest growth rate of the value of exports, among 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 2021, the average machine-tool for removing material export price amounted to $X per unit, falling by -20% against the previous year. Over the period under review, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2014 an increase of 7%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Belgium ($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 Australia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into China

In 2021, overseas purchases of machine-tools for working any material by removal of material were finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 1,527%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for removing material imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest machine-tool for removing material supplier to China, with a 38% share of total imports. Moreover, machine-tool for removing material imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the United States (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and the United States (-11.0% per year).

In value terms, Japan ($X) constituted the largest supplier of machine-tools for working any material by removal of material to China, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Singapore, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and Singapore (-2.5% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2018 an increase of 1,755%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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