Asia: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Asia

In 2022, the Asian numerically controlled drilling machine market was finally on the rise to reach $X after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Asia

In value terms, numerically controlled drilling machine production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of numerically controlled drilling machines for working metal, which increased by X% to X units in 2022. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports dropped slightly to $X in 2022. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) and China (X units) were the major exporters of numerically controlled drilling machines for working metal in 2022, resulting at near X% and X% of total exports, respectively. Singapore (X units) took the next position in the ranking, followed by Japan (X units). All these countries together took approx. X% share of total exports. The following exporters - South Korea (X units), India (X units) and Myanmar (X units) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine supplying countries in Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), with a combined X% share of total exports. South Korea, Singapore, India and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Asia

Numerically controlled drilling machine imports fell rapidly to X units in 2022, reducing by X% compared with the previous year. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports contracted notably to $X in 2022. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units), Singapore (X units), Malaysia (X units), the Philippines (X units), Qatar (X units), China (X units), South Korea (X units), Vietnam (X units), Pakistan (X units), Indonesia (X units), Thailand (X units) and Turkey (X units) represented the main importer of numerically controlled drilling machines for working metal in Asia, mixing up X% of total import. Myanmar (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (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, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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