Global Metal Threading Machine Market 2024

Metal Threading Machine Market Size

The global metal threading machine market declined slightly to $X in 2021, dropping by -2.5% against the previous year. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Threading Machine Production

In value terms, metal threading machine production declined slightly to $X in 2021 estimated in export price. In general, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Global production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Metal Threading Machine Exports

Exports

In 2021, shipments abroad of threading or tapping machines for working metal was finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a pronounced contraction. Over the period under review, the global exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal threading machine exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the largest exporter of threading or tapping machines for working metal in the world, with the volume of exports reaching X units, which was near 37% of total exports in 2021. Taiwan (Chinese) (X units) ranks second in terms of the total exports with a 9.5% share, followed by Italy (7.8%), Germany (7.1%), Japan (5.6%) and Spain (5.6%). Turkey (X units), South Korea (X units), Thailand (X units), the UK (X units), Singapore (X units), Belgium (X units) and the United States (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +23.1% from 2012 to 2021. At the same time, Belgium (+40.2%), Turkey (+20.9%), the UK (+3.1%) and Spain (+1.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +40.2% from 2012-2021. By contrast, Germany (-1.1%), Singapore (-2.4%), Thailand (-4.8%), South Korea (-9.8%), Taiwan (Chinese) (-10.9%), Japan (-13.1%), Italy (-15.9%) and the United States (-18.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Turkey, Spain, Belgium and Germany increased by +33, +2.8, +2.4, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal threading machine supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), with a combined 46% share of global exports. These countries were followed by Spain, Italy, Taiwan (Chinese), Japan, Thailand, South Korea, Belgium, Turkey, Singapore and the UK, which together accounted for a further 41%.

Belgium, with a CAGR of +42.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, shrinking by -14.1% against the previous year. Over the period under review, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 14% against the previous year. The global export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.9%), while the other global leaders experienced more modest paces of growth.

Metal Threading Machine Imports

Imports

Global metal threading machine imports surged to X units in 2021, jumping by 24% on the previous year's figure. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, global imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal threading machine imports stood at $X in 2021. Overall, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units), distantly followed by Nigeria (X units), Italy (X units) and the Netherlands (X units) were the key importers of threading or tapping machines for working metal, together generating 30% of total imports. India (X units), Indonesia (X units), Canada (X units), Vietnam (X units), Malaysia (X units), Mexico (X units), Hungary (X units), Germany (X units) and Brazil (X units) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Nigeria (+83.4%), the Netherlands (+9.8%) and Vietnam (+2.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +83.4% from 2012-2021. By contrast, Brazil (-1.2%), Canada (-1.8%), Mexico (-2.1%), Germany (-2.5%), Indonesia (-5.5%), India (-5.9%), Italy (-7.1%), Hungary (-10.4%) and Malaysia (-19.3%) illustrated a downward trend over the same period. While the share of Turkey (+9.1 p.p.), Nigeria (+6.3 p.p.), the Netherlands (+4.1 p.p.), Vietnam (+2.5 p.p.), Canada (+2.1 p.p.) and Mexico (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Malaysia (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), India ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 19% share of global imports. Malaysia, Vietnam, Mexico, Indonesia, Germany, Nigeria, Brazil, Italy, the Netherlands and Hungary lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Nigeria, with a CAGR of +63.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, shrinking by -16.6% against the previous year. Over the period under review, the import price recorded a slight decline. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 India ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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