China: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in China

In 2021, the Chinese numerically controlled drilling machine market decreased by -26.9% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a mild contraction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in China

In value terms, numerically controlled drilling machine production shrank to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 65% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from China

For the third year in a row, China recorded growth in shipments abroad of numerically controlled drilling machines for working metal, which increased by 45% to X tons in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 75% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), India (X tons) and Vietnam (X tons) were the main destinations of numerically controlled drilling machine exports from China, with a combined 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Vietnam ($X) were the largest markets for numerically controlled drilling machine exported from China worldwide, together comprising 39% of total exports. India, Taiwan (Chinese), Russia, Malaysia, the United States, Thailand, Indonesia, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 43%.

India, with a CAGR of +41.1%, recorded the highest rates of growth with regard to 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 2021, the average numerically controlled drilling machine export price amounted to $X per ton, dropping by -14.6% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into China

In 2021, supplies from abroad of numerically controlled drilling machines for working metal decreased by -20.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 52%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports fell to $X in 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest numerically controlled drilling machine supplier to China, with a 58% share of total imports. Moreover, numerically controlled drilling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.1% per year) and South Korea (+0.8% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to China, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.2% per year) and South Korea (-2.3% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, growing by 10% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2015 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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