Which Country Exports the Most Metal Finishing Machines in the World?

IndexBox has just published a new report "World: Metal Finishing Machines - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of metal finishing machine amounted to 575K tonnes, approximately reflecting the previous year figure. Overall, metal finishing machine imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2012, an increase of 82% year-to-year. Over the period under review, global metal finishing machine imports attained its maximum volume of 1.3M tonnes in 2013- however, from 2014 to 2016, it failed to regain its strength.

In value terms, metal finishing machine imports totaled $3.9B in 2016. In general, metal finishing machine imports continue to indicate a relatively flat trend pattern. Global metal finishing machine import peaked of $5.4B in 2012- however, from 2013 to 2016, it stood at a somewhat lower level.

Top Metal Finishing Machine Importing Countries in the World

1. China (1,018.7 million USD)

2. USA (435.9 million USD)

3. Germany (400.1 million USD)

4. Japan (110.8 million USD)

5. Italy (83.3 million USD)

6. Switzerland (58.8 million USD)

7. Netherlands (17.1 million USD)

8. Saudi Arabia (5.3 million USD)

Metal Finishing Machine Imports By Country

The Netherlands (303K tonnes) prevails in metal finishing machine imports structure, recording 303K tonnes, which was near 53% of total imports in 2016. Japan (36K tonnes) ranks second globally in metal finishing machine imports with a 6% share, following China (5%), and Germany (5%). Italy (24K tonnes), the U.S. (14K tonnes), Switzerland (12K tonnes), and Saudi Arabia (9.6K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to metal finishing machine imports into the Netherlands stood at -8.1%. At the same time, Saudi Arabia (+33.3%), and Italy (+1.8%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer/exporter in the world, with a CAGR of +33.3% from 2007-2016. Switzerland, Germany, Japan, and the U.S. experienced a relatively flat trend pattern. By contrast, China (-1.1%) illustrated a downward trend over the same period. From 2007 to 2016, the share of the Netherlands increased by 60% percentage points, while Saudi Arabia (-1.5%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1B) constitutes the largest market for imported metal finishing machine worldwide, making up 26% of global imports. The second position in the ranking was occupied by the U.S. ($436M), with the share of 11% of global imports. It was followed by Germany, with the share of 10%.

From 2007 to 2016, the average annual rate of growth in terms of value of metal finishing machine imports in China stood at +1.2%. In the other countries, the average annual rates were as follows: the U.S. (+2.4% per year) and Germany (+0.1% per year).

Metal Finishing Machine Import Prices By Country

In 2016, the average import price for metal finishing machine amounted to $6,849 per tonne, dropping by -5.5% against the previous year. Overall, metal finishing machine import price continues to indicate a remarkable growth. The growth pace was the most rapid in 2014, when it surged by 128% year-to-year. In that year, average metal finishing machine import price reached its maximum level of $8,216 per tonne. From 2015 to 2016, growth of average metal finishing machine import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($33 per kg), while the Netherlands ($56 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of metal finishing machine import prices was attained by Global (+5.5% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global metal finishing machine market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• metal finishing machine market share
• metal finishing machine prices
• metal finishing machine industry
• metal finishing machine sales
• metal finishing machine import
• metal finishing machine export
• metal finishing machine market forecast
• metal finishing machine price forecast
• key metal finishing machine producers

All data provided in this article covers the following product: HS Code 8460 - Machine-tools- for deburring, sharpening, grinding, honing, lapping, polishing or otherwise finishing metal, sintered metal carbides or cermets by means of grinding stones, abrasives or polishing products.

Source: World: Metal Finishing Machines - Market Report. Analysis and Forecast to 2025