Metal Treating Machine Market

The article provides a comprehensive analysis of the global metal treating machine market, with insights into consumption trends, production statistics, and import/export figures. The market is expected to continue an upward consumption trend, with forecasted growth in market performance till 2030. Key highlights include the market volume, value projections, top-consuming countries, and notable fluctuations in trend patterns over the analyzed period. China emerges as a dominant player in production and exports, while Singapore leads in consumption. The article also discusses average import/export prices and growth rates for key exporting countries.

Market Forecast

Driven by increasing demand for machines for treating metal, having individual functions worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 2.5M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $17.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machines For Treating Metal, Having Individual Functions

In 2022, consumption of machines for treating metal, having individual functions increased by 29% to 2M units for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 2.3M units in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global metal treating machine market revenue expanded remarkably to $12.1B in 2022, rising by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -30.7% against 2019 indices. Over the period under review, the global market reached the peak level at $17.4B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

Singapore (585K units) remains the largest metal treating machine consuming country worldwide, accounting for 30% of total volume. Moreover, metal treating machine consumption in Singapore exceeded the figures recorded by the second-largest consumer, China (226K units), threefold. The United States (190K units) ranked third in terms of total consumption with a 9.6% share.

In Singapore, metal treating machine consumption increased at an average annual rate of +38.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+5.4% per year) and the United States (+8.3% per year).

In value terms, Russia ($5.3B) led the market, alone. The second position in the ranking was held by Japan ($1.4B). It was followed by China.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +3.5%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (+3.8% per year) and China (+5.4% per year).

In 2022, the highest levels of metal treating machine per capita consumption was registered in Singapore (101 units per 1000 persons), followed by the United States (0.6 units per 1000 persons), Mexico (0.5 units per 1000 persons) and Thailand (0.5 units per 1000 persons), while the world average per capita consumption of metal treating machine was estimated at 0.3 units per 1000 persons.

In Singapore, metal treating machine per capita consumption expanded at an average annual rate of +36.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+7.6% per year) and Mexico (+1.4% per year).

Production

World Production of Machines For Treating Metal, Having Individual Functions

In 2022, after three years of decline, there was significant growth in production of machines for treating metal, having individual functions, when its volume increased by 6.4% to 1.2M units. Overall, the total production indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 72%. As a result, production reached the peak volume of 1.4M units. From 2015 to 2022, global production growth remained at a somewhat lower figure.

In value terms, metal treating machine production expanded rapidly to $14.1B in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -36.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 68%. Global production peaked at $22.2B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of metal treating machine production was China (557K units), accounting for 45% of total volume. Moreover, metal treating machine production in China exceeded the figures recorded by the second-largest producer, India (111K units), fivefold. Japan (58K units) ranked third in terms of total production with a 4.7% share.

In China, metal treating machine production expanded at an average annual rate of +9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+6.4% per year) and Japan (-0.2% per year).

Imports

World Imports of Machines For Treating Metal, Having Individual Functions

In 2022, overseas purchases of machines for treating metal, having individual functions increased by 57% to 1.3M units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 63% against the previous year. As a result, imports attained the peak of 1.3M units; afterwards, it flattened through to 2022.

In value terms, metal treating machine imports rose sharply to $2.4B in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, global imports hit record highs at $2.5B in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Singapore represented the largest importing country with an import of about 657K units, which resulted at 52% of total imports. The United States (161K units) ranks second in terms of the total imports with a 13% share, followed by Mexico (6%). The following importers - Indonesia (38K units), Thailand (35K units), the Philippines (25K units), Turkey (24K units), Egypt (20K units) and Tunisia (19K units) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal treating machine imports into Singapore stood at +26.8%. At the same time, the Philippines (+28.7%), Tunisia (+21.8%), Turkey (+13.8%), the United States (+10.6%) and Mexico (+2.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +28.7% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (-5.9%) and Egypt (-22.5%) illustrated a downward trend over the same period. Singapore (+44 p.p.), the United States (+4.4 p.p.) and the Philippines (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Indonesia, Mexico, Thailand and Egypt saw its share reduced by -1.9%, -2.2%, -6.6% and -34.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($224M) constitutes the largest market for imported machines for treating metal, having individual functions worldwide, comprising 9.5% of global imports. The second position in the ranking was held by Mexico ($101M), with a 4.3% share of global imports. It was followed by Turkey, with a 3.8% share.

In the United States, metal treating machine imports expanded at an average annual rate of +9.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-7.5% per year) and Turkey (+9.7% per year).

Import Prices By Country

The average metal treating machine import price stood at $1,877 per unit in 2022, reducing by -29.2% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. Global import price peaked at $5,828 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($3,752 per unit), while Singapore ($19 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Machines For Treating Metal, Having Individual Functions

In 2022, shipments abroad of machines for treating metal, having individual functions increased by 21% to 527K units, rising for the second year in a row after two years of decline. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 58% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal treating machine exports surged to $2.5B in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports By Country

China was the major exporting country with an export of around 344K units, which reached 65% of total exports. It was distantly followed by Singapore (72K units), making up a 14% share of total exports. The following exporters - South Korea (14K units), Italy (14K units), Switzerland (10K units), Germany (9.4K units) and Japan (9.2K units) - together made up 11% of total exports.

China was also the fastest-growing in terms of the machines for treating metal, having individual functions exports, with a CAGR of +12.1% from 2012 to 2022. At the same time, Singapore (+6.6%) and Switzerland (+6.2%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Italy (-1.0%), Germany (-7.3%) and Japan (-9.2%) illustrated a downward trend over the same period. While the share of China (+27 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Korea (-2 p.p.), Italy (-2.6 p.p.), Germany (-5.1 p.p.) and Japan (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($556M), Switzerland ($360M) and Germany ($309M) constituted the countries with the highest levels of exports in 2022, with a combined 50% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +11.9%, recorded the highest growth rate of 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

In 2022, the average metal treating machine export price amounted to $4,692 per unit, shrinking by -2.4% against the previous year. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 34%. The global export price peaked at $7,084 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($35,249 per unit), while Singapore ($159 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform