Report Update: Apr 1, 2024

China - Honing Or Lapping Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Honing Machine Price in China - 2023

Metal Honing Machine Price in China (CIF) - 2022

In 2022, the average metal honing machine import price amounted to $77,308 per unit, declining by -27.2% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $145,518 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($236,218 per unit), while the price for the UK ($9,713 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.6%), while the prices for the other major suppliers experienced a decline.

Metal Honing Machine Price in China (FOB) - 2022

The average metal honing machine export price stood at $3,050 per unit in 2022, falling by -30.3% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 41%. The export price peaked at $8,721 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($18,128 per unit), while the average price for exports to Belgium ($163 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports in China

In 2022, metal honing machine imports into China expanded significantly to 966 units, picking up by 12% on 2021. In general, imports, however, recorded a perceptible shrinkage. Imports peaked at 1K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal honing machine imports declined rapidly to $75M in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The smallest decline of -14.9% was in 2020. Over the period under review, imports attained the peak figure at $133M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Metal Honing Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	52.2	47.8	36.7	29.3	-17.5%
Japan	40.7	44.2	30.2	22.8	-17.6%
Taiwan (Chinese)	18.7	11.9	16.0	10.6	-17.2%
Switzerland	4.6	2.7	4.1	3.4	-9.6%
South Korea	3.5	0.4	1.1	1.8	-19.9%
United States	8.8	1.7	0.8	1.3	-47.1%
Sweden	1.0	0.2	0.2	0.5	-20.6%
Denmark	0.9	0.2	N/A	N/A	-77.8%
Others	3.0	4.4	2.6	4.9	17.8%
Total	133	114	91.7	74.7	-17.5%

Top Suppliers of Metal Honing Machine to China in 2022:

Taiwan (Chinese) (411.0 units)
Japan (251.0 units)
Germany (124.0 units)
South Korea (34.0 units)
Sweden (32.0 units)
Switzerland (28.0 units)
United States (21.0 units)
Denmark (6.0 units)

Metal Honing Machine Exports in China

In 2022, approx. 8.5K units of honing or lapping machines for working metal were exported from China; increasing by 52% on the previous year. Overall, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal honing machine exports rose significantly to $26M in 2022. In general, exports, however, saw a perceptible contraction. Over the period under review, the exports reached the maximum at $29M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Metal Honing Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	8.1	1.5	2.5	7.5	-2.5%
India	3.4	2.5	1.2	2.4	-11.0%
South Korea	1.2	1.6	1.9	1.7	12.3%
Russia	0.7	0.4	1.3	1.4	26.0%
United States	0.9	0.6	1.4	1.1	6.9%
Indonesia	0.6	0.6	1.1	0.8	10.1%
Turkey	0.3	0.2	0.2	0.6	26.0%
Belgium	N/A	0.1	0.3	0.5	123.6%
Malaysia	1.0	0.3	0.8	0.4	-26.3%
Poland	0.2	0.1	0.3	0.2	0.0%
Germany	1.5	0.6	N/A	0.2	-48.9%
Kazakhstan	0.1	N/A	N/A	0.1	0.0%
Slovakia	0.4	N/A	0.1	N/A	-50.0%
Others	10.6	15.7	13.1	9.0	-5.3%
Total	29.2	24.3	24.3	25.8	-4.0%

Top Export Markets for Metal Honing Machine from China in 2022:

Belgium (3136.0 units)
Vietnam (1985.0 units)
Kazakhstan (351.0 units)
Russia (343.0 units)
Turkey (275.0 units)
United States (176.0 units)
Poland (175.0 units)
India (130.0 units)
South Korea (130.0 units)
Indonesia (103.0 units)
Malaysia (60.0 units)
Germany (33.0 units)
Slovakia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal honing machine market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412385 - Honing or lapping machines for working metal

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023