Eastern Asia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Eastern Asia

The East Asian metal broaching machine market totaled $X in 2021, increasing by 9.5% against the previous year. Over the period under review, consumption posted strong growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Broaching Machine Production in Eastern Asia

In value terms, metal broaching machine production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1.1% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Metal Broaching Machine Exports

Exports in Eastern Asia

In 2021, overseas shipments of broaching machines for working metal decreased by -27.1% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports dropped to $X in 2021. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan prevails in exports structure, resulting at X units, which was near 90% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), generating a 4.9% share of total exports. China (X units) followed a long way behind the leaders.

Exports from Japan decreased at an average annual rate of -16.2% from 2012 to 2021. At the same time, China (+20.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.7% from 2012-2021. By contrast, Taiwan (Chinese) (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Taiwan (Chinese) increased by +3.8 and +3.6 percentage points, respectively.

In value terms, Japan ($X) remains the largest metal broaching machine supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports.

In Japan, metal broaching machine exports contracted by an average annual rate of -13.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-2.9% per year) and China (+13.1% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, rising by 29% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal broaching machine export price increased by +58.5% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 51%. The level of export peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Eastern Asia

In 2021, the amount of broaching machines for working metal imported in Eastern Asia dropped significantly to X units, with a decrease of -47.6% on the previous year. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 3,202% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports shrank sharply to $X in 2021. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea represented the main importing country with an import of around X units, which resulted at 53% of total imports. It was distantly followed by China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units), together comprising a 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +30.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported broaching machines for working metal in Eastern Asia, comprising 95% of total imports. The second position in the ranking was held by South Korea ($X), with a 3% share of total imports. It was followed by Hong Kong SAR, with a 1.6% share.

In China, metal broaching machine imports shrank by an average annual rate of -14.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-20.8% per year) and Hong Kong SAR (+52.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, jumping by 23% against the previous year. In general, the import price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 4,721%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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