Asia: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in Asia

The Asian metal treating machine market declined to $X in 2023, dropping by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Metal Treating Machine Production in Asia

In value terms, metal treating machine production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Metal Treating Machine Exports

Exports in Asia

In 2023, overseas shipments of machines for treating metal, having individual functions increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, metal treating machine exports amounted to $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Singapore (X units), committing an X% share of total exports. The following exporters - South Korea (X units) and India (X units) - each accounted for a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest metal treating machine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Metal Treating Machine Imports

Imports in Asia

In 2023, metal treating machine imports in Asia fell markedly to X units, with a decrease of X% on the previous year. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, metal treating machine imports shrank rapidly to $X in 2023. Over the period under review, imports saw a mild setback. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Singapore prevails in imports structure, accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Indonesia (X units), mixing up a X% share of total imports. The following importers - Turkey (X units), the Philippines (X units), Thailand (X units), Vietnam (X units), Malaysia (X units) and India (X units) - together made up X% of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), the Philippines (X%), Turkey (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.), Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal treating machine importing markets in Asia were Turkey ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform