Non-Numerically Controlled Lathe Market

The article discusses the increasing demand for non-numerically controlled horizontal lathes for metal removal globally. It projects a positive growth trend in market performance with an anticipated CAGR of +2.6% in volume and +5.2% in value from 2022 to 2030. The market experienced fluctuations in consumption and production from 2012 to 2022 but showed overall growth. China leads in both production and exports, with the United States being a major importer. The article also highlights market trends, key consuming countries, and average prices for imports and exports.

Market Forecast

Driven by increasing demand for non-numerically controlled horizontal lathes, for removing metal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 187K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $1.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Numerically Controlled Horizontal Lathes, For Removing Metal

Global non-numerically controlled lathe consumption dropped to 152K units in 2022, reducing by -10.7% on the year before. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its volume 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 +0.1% against 2020 indices. Global consumption peaked at 196K units in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global non-numerically controlled lathe market value contracted to $1.2B in 2022, falling by -13.3% 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). Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -30.9% against 2019 indices. Over the period under review, the global market attained the peak level at $1.7B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (20K units), the United States (14K units) and India (11K units), with a combined 30% share of global consumption. Russia, the UK, Brazil, Japan, Pakistan, Canada, Turkey, Argentina, Mexico and South Korea lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the UK (with a CAGR of +17.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled lathe markets worldwide were Brazil ($162M), China ($123M) and Japan ($111M), together comprising 33% of the global market. The United States, South Korea, Turkey, India, Russia, Canada, Mexico, Argentina, the UK and Pakistan lagged somewhat behind, together accounting for a further 26%.

In terms of the main consuming countries, the UK, with a CAGR of +10.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of non-numerically controlled lathe per capita consumption in 2022 were Canada (115 units per million persons), the UK (113 units per million persons) and Argentina (78 units per million persons).

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +16.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Numerically Controlled Horizontal Lathes, For Removing Metal

In 2022, the amount of non-numerically controlled horizontal lathes, for removing metal produced worldwide reduced modestly to 154K units, remaining relatively unchanged against the previous year's figure. Over the period under review, the total production indicated a strong expansion 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, production increased by +15.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18%. Over the period under review, global non-numerically controlled laproduction reached the maximum volume at 173K units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, non-numerically controlled lathe production fell to $1.5B in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +24.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 33% against the previous year. Over the period under review, global non-numerically controlled laproduction hit record highs at $1.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (60K units) remains the largest non-numerically controlled lathe producing country worldwide, comprising approx. 39% of total volume. Moreover, non-numerically controlled lathe production in China exceeded the figures recorded by the second-largest producer, India (19K units), threefold. The third position in this ranking was taken by Israel (8.6K units), with a 5.6% share.

In China, non-numerically controlled lathe production increased at an average annual rate of +2.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+11.1% per year) and Israel (0.0% per year).

Imports

World Imports of Non-Numerically Controlled Horizontal Lathes, For Removing Metal

In 2022, supplies from abroad of non-numerically controlled horizontal lathes, for removing metal increased by 9.7% to 85K units, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 36%. As a result, imports attained the peak of 86K units. From 2016 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports rose markedly to $484M in 2022. In general, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, global non-numerically controlled laimports attained the peak figure at $691M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, the United States (20K units), distantly followed by the UK (8.5K units), Russia (6.1K units), Canada (5.8K units) and Turkey (4.2K units) represented the main importers of non-numerically controlled horizontal lathes, for removing metal, together committing 52% of total imports. The following importers - Argentina (3.6K units), Mexico (3.4K units), the Netherlands (3.4K units), Australia (2.8K units), China (2.2K units), Thailand (1.9K units), India (1.7K units) and Indonesia (1.7K units) - together made up 24% of total imports.

Imports into the United States increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Canada (+17.6%), the UK (+12.5%), Turkey (+10.4%), Argentina (+7.6%) and the Netherlands (+5.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of +17.6% from 2012-2022. India and Russia experienced a relatively flat trend pattern. By contrast, China (-1.1%), Indonesia (-2.2%), Mexico (-4.1%), Australia (-4.3%) and Thailand (-12.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the UK, Canada, Turkey, the United States and Argentina increased by +6.7, +5.4, +3, +2.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-numerically controlled lathe importing markets worldwide were the United States ($88M), Turkey ($56M) and India ($27M), together accounting for 35% of global imports.

Among the main importing countries, Turkey, with a CAGR of +10.8%, recorded the highest growth rate of 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

In 2022, the average non-numerically controlled lathe import price amounted to $5,725 per unit, increasing by 4.8% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $8,835 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($15,905 per unit), while the UK ($684 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Non-Numerically Controlled Horizontal Lathes, For Removing Metal

In 2022, shipments abroad of non-numerically controlled horizontal lathes, for removing metal increased by 42% to 86K units, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, the global non-numerically controlled laexports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-numerically controlled lathe exports rose remarkably to $377M in 2022. In general, exports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, the global non-numerically controlled laexports hit record highs at $451M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

China was the key exporter of non-numerically controlled horizontal lathes, for removing metal in the world, with the volume of exports reaching 43K units, which was near 50% of total exports in 2022. It was distantly followed by India (9K units), Israel (8.5K units) and the United States (6.1K units), together constituting a 27% share of total exports. North Macedonia (3.4K units), Taiwan (Chinese) (2.5K units), Canada (2.1K units) and Germany (1.5K units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Israel (+121.3%), North Macedonia (+92.0%), Canada (+37.0%), India (+17.3%), Taiwan (Chinese) (+9.0%) and the United States (+3.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of +121.3% from 2012-2022. By contrast, Germany (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, India, North Macedonia and Canada increased by +9.8, +6.4, +3.9 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($141M) remains the largest non-numerically controlled lathe supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($48M), with a 13% share of global exports. It was followed by Germany, with a 6.7% share.

In China, non-numerically controlled lathe exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.3% per year) and Germany (-3.9% per year).

Export Prices By Country

In 2022, the average non-numerically controlled lathe export price amounted to $4,369 per unit, shrinking by -20.8% against the previous year. Overall, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 5.7%. Over the period under review, the average export prices attained the maximum at $9,931 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Taiwan (Chinese) ($19,487 per unit), while Israel ($71 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform