China: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in China

The Chinese machine tool for metal market shrank modestly to $X in 2021, which is down by -3.3% against the previous year. In general, consumption saw a abrupt slump. Machine tool for metal consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in China

In value terms, machine tool for metal production stood at $X in 2021 estimated in export price. In general, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 7.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from China

In 2021, overseas shipments of machine tools for working metal without removing metal were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 91% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine tool for metal exports surged to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 decreased by -5.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 27%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), the United Arab Emirates (X units) and the United States (X units) were the main destinations of machine tool for metal exports from China, with a combined 30% share of total exports. The UK, Hong Kong SAR, Vietnam, Australia, the Czech Republic, Mexico, Malaysia, India, Myanmar and Turkey lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +66.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tool for metal exported from China were India ($X), Germany ($X) and Turkey ($X), together comprising 32% of total exports. These countries were followed by Vietnam, Mexico, the United States, Hong Kong SAR, Malaysia, Myanmar, the United Arab Emirates, the Czech Republic, the UK and Australia, which together accounted for a further 23%.

Among the main countries of destination, Myanmar, with a CAGR of +42.6%, recorded the highest growth rate of the value of exports, 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 metal export price amounted to $X per unit, growing by 17% against the previous year. Overall, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to the UK ($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 Myanmar (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into China

After three years of decline, supplies from abroad of machine tools for working metal without removing metal increased by 43% to X units in 2021. In general, imports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 46%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 25%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Germany (X units) and Switzerland (X units) were the main suppliers of machine tool for metal imports to China, together accounting for 62% of total imports. These countries were followed by Japan, Spain, Canada, the UK, Italy, South Korea and the United States, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to China, comprising 49% of total imports. The second position in the ranking was taken by Japan ($X), with an 18% share of total imports. It was followed by Switzerland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.5% per year) and Switzerland (+15.4% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, declining by -13.1% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 42%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Spain ($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 (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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