Overview of the Global Market for Machine-Tools For Working Any Material By Removal Of Material

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

The global machine-tool for removing material market rose modestly to $X in 2021, with an increase of 3.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the global market remained at a somewhat lower figure.

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

In value terms, machine-tool for removing material production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports

For the fifth year in a row, the global market recorded growth in shipments abroad of machine-tools for working any material by removal of material, which increased by 52% to X units in 2021. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by 87% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for removing material exports soared to $X in 2021. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 59% of total exports in 2021. The UK (X units) ranks second in terms of the total exports with an 8.2% share, followed by Singapore (7.7%). The following exporters - the Netherlands (X units), Taiwan (Chinese) (X units), the United States (X units), Spain (X units) and Japan (X units) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +17.9% from 2012 to 2021. At the same time, Spain (+29.0%), the Netherlands (+17.7%), Japan (+12.7%), Singapore (+7.7%), the United States (+5.1%), the UK (+1.8%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.0% from 2012-2021. From 2012 to 2021, the share of China, Spain and the Netherlands increased by +28, +2.1 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for removing material supplying countries worldwide were China ($X), Japan ($X) and the United States ($X), together comprising 42% of global exports. These countries were followed by Singapore, the Netherlands, Taiwan (Chinese), Spain and the UK, which together accounted for a further 9.8%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, falling by -12.5% against the previous year. Over the period under review, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 123% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the other global leaders experienced a decline in the export price figures.

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

Imports

In 2021, overseas purchases of machine-tools for working any material by removal of material were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. Global imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of machine-tool for removing material imports in 2021 were Greece (X units), the United States (X units), India (X units), the UK (X units), the Netherlands (X units), Canada (X units), Australia (X units), Italy (X units), France (X units), Russia (X units), Poland (X units) and South Africa (X units), together accounting for 71% of total import. Spain (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +47.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported machine-tools for working any material by removal of material worldwide, comprising 11% of global imports. The second position in the ranking was taken by Italy ($X), with a 3.2% share of global imports. It was followed by India, with a 2.8% share.

In the United States, machine-tool for removing material imports increased at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+10.5% per year) and India (+13.5% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, reducing by -2.3% against the previous year. Overall, the import price recorded a mild contraction. The growth pace was the most rapid in 2018 when the average import price increased by 27%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+19.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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