China: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in China

The Chinese metal threading machine market shrank markedly to $X in 2021, which is down by -36.2% against the previous year. Overall, consumption recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 7.2% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Threading Machine Production in China

In value terms, metal threading machine production shrank slightly to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 7.4%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Metal Threading Machine Exports

Exports from China

In 2021, overseas shipments of threading or tapping machines for working metal increased by 77% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 97%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, metal threading machine exports surged to $X in 2021. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units), India (X units) and Japan (X units) were the main destinations of metal threading machine exports from China, with a combined 26% 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 Japan (with a CAGR of +136.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal threading machine exported from China were Turkey ($X), Vietnam ($X) and India ($X), together comprising 30% of total exports. Japan, Indonesia, Brazil, the United States, Thailand, Malaysia, the Philippines, Taiwan (Chinese), Egypt and the United Arab Emirates lagged somewhat behind, together comprising a further 34%.

Japan, with a CAGR of +109.8%, 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 metal threading machine export price amounted to $X per unit, declining by -21.5% against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United Arab Emirates ($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 (-2.4%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into China

In 2021, approx. X units of threading or tapping machines for working metal were imported into China; which is down by -43.9% against the previous year. Over the period under review, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of 126% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports declined significantly to $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 75%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Switzerland (X units) were the main suppliers of metal threading machine imports to China, together accounting for 83% of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +0.1%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of threading or tapping machines for working metal to China, comprising 54% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Switzerland, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-17.4% per year) and Switzerland (+0.8% per year).

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, picking up by 6.9% against the previous year. Overall, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 138% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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