Asia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Asia

The Asian market for machine-tools for working stone, ceramics, and concrete shrank modestly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a deep setback. The level of consumption peaked at $X.7B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Asia

In value terms, machine tools for working stone production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X.1B in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in Asia

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported in Asia; reducing by X% against the previous year's figure. Over the period under review, exports showed a slight contraction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports expanded rapidly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units) and Turkey (X units), together comprising a X% share of total exports. South Korea (X units) took a minor share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. South Korea and Japan experienced a relatively flat trend pattern. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest machine tools for working stone supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in Asia

In 2022, machine tools for working stone imports in Asia reduced notably to X units, shrinking by X% on the previous year. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, machine tools for working stone imports fell sharply to $X in 2022. Over the period under review, imports saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) represented the major importer of machine-tools for working stone, ceramics, and concrete, committing X% of total imports. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Oman (X%) and Vietnam (X%). South Korea (X units), Taiwan (Chinese) (X units), Indonesia (X units), Thailand (X units), Cambodia (X units), Malaysia (X units), the United Arab Emirates (X units) and Japan (X units) held a relatively small share of total imports.

India was also the fastest-growing in terms of the machine-tools for working stone, ceramics, and concrete imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%), Oman (X%), South Korea (X%), Japan (X%), Iran (X%) and Turkey (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Taiwan (Chinese) (X%), Thailand (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. India (X p.p.), Oman (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Turkey, Taiwan (Chinese), Malaysia, Thailand and Indonesia saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machine-tools for working stone, ceramics, and concrete in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, 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 Japan ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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