Eastern Asia: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Eastern Asia

After three years of growth, the East Asian machine tool for metal market decreased by -6.4% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Eastern Asia

In value terms, machine tool for metal production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 8% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Eastern Asia

In 2021, shipments abroad of machine tools for working metal without removing metal increased by 2.6% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports rose sharply to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2016 when exports increased by 25%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units) and Japan (X units) represented roughly 70% of total exports in 2021. South Korea (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by China (14%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +12.8%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

Among the main exporting countries, China, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, surging by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2015 when the export price increased by 34%. The level of export peaked at $X per unit in 2019; however, from 2020 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, 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 South Korea (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Eastern Asia

In 2021, supplies from abroad of machine tools for working metal without removing metal decreased by -34.9% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 76%. 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, machine tool for metal imports skyrocketed to $X in 2021. Overall, imports continue to indicate a abrupt slump. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the key importing country with an import of about X units, which reached 44% of total imports. Japan (X units) ranks second in terms of the total imports with a 26% share, followed by Taiwan (Chinese) (23%) and China (4.7%). Hong Kong SAR (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +6.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported machine tools for working metal without removing metal in Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -9.2%. In the other countries, the average annual rates were as follows: South Korea (+0.5% per year) and Japan (-1.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, jumping by 81% against the previous year. Overall, the import price, however, continues to indicate a mild descent. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 South Korea (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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