China: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in China

In 2021, after two years of growth, there was decline in the Chinese metal sawing machine market, when its value decreased by -2.1% to $X. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.8% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted modestly in the following year.

Metal Sawing Machine Production in China

In value terms, metal sawing machine production reduced to $X in 2021 estimated in export price. Over the period under review, production enjoyed a pronounced increase. The growth pace was the most rapid in 2018 when the production volume increased by 188%. Metal sawing machine production peaked at $X in 2020, and then shrank slightly in the following year.

Metal Sawing Machine Exports

Exports from China

In 2021, exports of sawing or cutting-off machines for working metal from China skyrocketed to X units, rising by 33% on the previous year. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 566%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 46% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X units), the United States (X units) and Germany (X units) were the main destinations of metal sawing machine exports from China, together comprising 27% of total exports. These countries were followed by Vietnam, Thailand, the Philippines, the Netherlands, the UK, Russia, Mexico, South Korea, Malaysia and France, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +30.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal sawing machine exported from China were Vietnam ($X), India ($X) and the United States ($X), with a combined 32% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +31.1%, saw 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 metal sawing machine export price amounted to $X per unit, shrinking by -6.2% against the previous year. Over the period under review, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 375%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to the Philippines ($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 Vietnam (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into China

In 2021, imports of sawing or cutting-off machines for working metal into China contracted to X units, shrinking by -5.3% on the year before. Overall, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 8,091% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal sawing machine imports reached $X in 2021. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Austria (X units) and Germany (X units) were the main suppliers of metal sawing machine imports to China, with a combined 67% share of total imports. Japan, South Korea, the United States, Italy and France lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +6.2%), while imports for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X) appeared to be the largest metal sawing machine suppliers to China, with a combined 62% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of -1.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal sawing machine import price amounted to $X per unit, picking up by 7% against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 9,213% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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