Non-Numerically Controlled Sharpening Machine Market

The article provides a comprehensive analysis of the global market for non-numerically controlled sharpening machines for working metal from 2022 to 2030. It covers consumption trends, production volumes, import and export statistics, and value projections. The data reveals that consumption decreased slightly in 2022 but is expected to increase over the next eight years. China, the United States, and India were the leading consumers in 2022, while China dominated production. Import and export volumes showed fluctuations, with Germany, the United States, and China being key players. The average prices for imports and exports varied among countries, with Spain having one of the lowest export prices. Overall, the market is expected to continue growing, with various countries experiencing different rates of growth in both consumption and production.

Market Forecast

Driven by increasing demand for non-numerically controlled sharpening machines for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 21M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Numerically Controlled Sharpening Machines For Working Metal

In 2022, consumption of non-numerically controlled sharpening machines for working metal decreased by -0.2% to 19M units, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated measured growth 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, consumption decreased by -3.0% against 2020 indices. Global consumption peaked at 20M units in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The global non-numerically controlled sharpening machine market value reached $12.2B in 2022, growing by 4% 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 perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.4% against 2017 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (3.3M units), the United States (1.8M units) and India (1.3M units), with a combined 33% share of global consumption. Germany, Pakistan, Japan, Bangladesh, Russia, Brazil, Indonesia, Ethiopia, Mexico and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +8.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled sharpening machine markets worldwide were Pakistan ($2.7B), Brazil ($1.5B) and Russia ($972M), together comprising 42% of the global market. Japan, India, the United States, China, Ethiopia, Germany, Bangladesh, Mexico, Indonesia and Spain lagged somewhat behind, together accounting for a further 13%.

Among the main consuming countries, Bangladesh, with a CAGR of +7.9%, saw 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 sharpening machine per capita consumption in 2022 were Germany (12 units per 1000 persons), Spain (8.9 units per 1000 persons) and Japan (7 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Bangladesh (with a CAGR of +7.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Numerically Controlled Sharpening Machines For Working Metal

Global non-numerically controlled sharpening machine production expanded modestly to 18M units in 2022, picking up by 3.8% against 2021 figures. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 -1.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 30% against the previous year. Global production peaked at 18M units in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, non-numerically controlled sharpening machine production rose to $10.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 24%. Over the period under review, global production hit record highs at $10.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of non-numerically controlled sharpening machine production was China (3.9M units), accounting for 21% of total volume. Moreover, non-numerically controlled sharpening machine production in China exceeded the figures recorded by the second-largest producer, the United States (1.7M units), twofold. India (1.3M units) ranked third in terms of total production with a 7.1% share.

In China, non-numerically controlled sharpening machine production expanded at an average annual rate of +2.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+3.8% per year) and India (+3.9% per year).

Imports

World Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

In 2022, purchases abroad of non-numerically controlled sharpening machines for working metal decreased by -16% to 3.4M units for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 42% against the previous year. Over the period under review, global imports reached the peak figure at 4.1M units in 2021, and then contracted notably in the following year.

In value terms, non-numerically controlled sharpening machine imports contracted modestly to $212M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. As a result, imports attained the peak of $215M, and then dropped modestly in the following year.

Imports By Country

The countries with the highest levels of non-numerically controlled sharpening machine imports in 2022 were Germany (343K units), the Netherlands (254K units), France (244K units), Austria (230K units), Spain (208K units), the United States (194K units), Poland (166K units), the UK (149K units), Russia (145K units), Turkey (105K units), Romania (102K units) and Italy (99K units), together reaching 65% of total import. The Czech Republic (96K units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +19.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($25M), Germany ($23M) and France ($9.7M) appeared to be the countries with the highest levels of imports in 2022, with a combined 27% share of global imports. Russia, the UK, Austria, the Netherlands, Italy, the Czech Republic, Poland, Spain, Turkey and Romania lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Spain, with a CAGR of +8.2%, recorded the highest rates of growth with regard to 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 sharpening machine import price amounted to $62 per unit, increasing by 18% against the previous year. In general, the import price, however, showed a pronounced setback. Global import price peaked at $85 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($127 per unit), while Spain ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

In 2022, shipments abroad of non-numerically controlled sharpening machines for working metal was finally on the rise to reach 2.2M units after two years of decline. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 65%. The global exports peaked at 2.6M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports reduced to $199M in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. As a result, the exports reached the peak of $204M, and then dropped modestly in the following year.

Exports By Country

China (602K units) and Germany (472K units) represented the main exporters of non-numerically controlled sharpening machines for working metal in 2022, recording approx. 27% and 21% of total exports, respectively. Austria (207K units) held the next position in the ranking, followed by the Netherlands (183K units), Belgium (179K units), Spain (126K units) and Sweden (101K units). All these countries together held approx. 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +24.8%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($33M), Germany ($29M) and Sweden ($19M) were the countries with the highest levels of exports in 2022, together accounting for 41% of global exports. Austria, the Netherlands, Belgium and Spain lagged somewhat behind, together accounting for a further 8.1%.

In terms of the main exporting countries, Belgium, with a CAGR of +8.5%, recorded the highest rates of growth with regard to 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

The average non-numerically controlled sharpening machine export price stood at $89 per unit in 2022, declining by -4.6% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $172 per unit in 2017; however, from 2018 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 Sweden ($186 per unit), while Spain ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform