Eastern Asia: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Eastern Asia

In 2021, the East Asian machine-tool for removing material market decreased by -13.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Eastern Asia

In value terms, machine-tool for removing material production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Eastern Asia

In 2021, shipments abroad of machine-tools for working any material by removal of material increased by 57% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +46.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 90% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), committing a 4.9% share of total exports. Japan (X units) and South Korea (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of +17.9% from 2012 to 2021. At the same time, South Korea (+14.1%), Japan (+12.7%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. While the share of China (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

China, with a CAGR of +15.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, waning by -10.5% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Japan ($X per unit), while China ($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 (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Eastern Asia

In 2021, supplies from abroad of machine-tools for working any material by removal of material decreased by -2.8% to X units, falling for the fourth year in a row after two years of growth. Overall, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 517% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of machine-tool for removing material imports in 2021 were Taiwan (Chinese) (X units), China (X units) and Japan (X units), together resulting at 82% of total import. Hong Kong SAR (X units) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (8.8%).

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +21.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by South Korea, with a 17% share.

In China, machine-tool for removing material imports expanded at an average annual rate of +2.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+9.5% per year) and South Korea (+1.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, increasing by 33% against the previous year. Overall, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 389% against the previous year. 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 South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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