Report Update: May 1, 2024

China - Numerically Controlled Sharpening Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Numerically Controlled Sharpening Machine in China - 2023

Price for Numerically Controlled Sharpening Machine in China (CIF) - 2022

In 2022, the average numerically controlled sharpening machine import price amounted to $226,522 per unit, surging by 6.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $233,078 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Switzerland ($306,672 per unit), while the price for the United States ($55,162 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Numerically Controlled Sharpening Machine in China (FOB) - 2022

In 2022, the average numerically controlled sharpening machine export price amounted to $10,231 per unit, dropping by -19.5% against the previous year. Overall, the export price showed a sharp reduction. The pace of growth was the most pronounced in 2020 when the average export price decreased by -3.1%. Over the period under review, the average export prices reached the peak figure at $129,261 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($37,578 per unit), while the average price for exports to Kazakhstan ($555 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 Italy (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Sharpening Machine in China

In 2022, purchases abroad of numerically controlled sharpening machines for working metal decreased by -13.2% to 881 units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 1K units, and then declined in the following year.

In value terms, numerically controlled sharpening machine imports fell to $200M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports reached the peak of $216M, and then declined in the following year.

Import of Numerically Controlled Sharpening Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	42.4	39.1	47.7	40.3	-1.7%
Switzerland	30.7	24.8	28.8	37.4	6.8%
Thailand	9.6	17.2	45.4	35.7	54.9%
Australia	4.5	6.2	13.2	16.5	54.2%
Japan	16.6	9.3	23.3	13.4	-6.9%
India	0.9	1.7	6.7	7.4	101.8%
South Korea	3.0	3.0	5.7	6.1	26.7%
United States	1.2	1.6	2.1	1.8	14.5%
Taiwan (Chinese)	7.8	N/A	N/A	N/A	0%
Czech Republic	15.6	N/A	N/A	N/A	0%
Others	2.2	23.1	42.8	40.9	164.9%
Total	135	126	216	200	14.0%

Top Suppliers of Numerically Controlled Sharpening Machine to China in 2022:

Thailand (213.0 units)
Germany (145.0 units)
Switzerland (122.0 units)
Japan (57.0 units)
Australia (56.0 units)
South Korea (40.0 units)
India (34.0 units)
United States (32.0 units)

Exports of Numerically Controlled Sharpening Machine in China

Numerically controlled sharpening machine exports from China skyrocketed to 2.1K units in 2022, growing by 26% compared with the year before. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, numerically controlled sharpening machine exports stood at $22M in 2022. Over the period under review, exports, however, showed a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports reached the peak figure at $23M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Numerically Controlled Sharpening Machine in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	8.3	4.3	8.7	4.0	-21.6%
India	1.4	0.9	1.1	2.3	18.0%
Japan	2.2	0.9	1.6	2.3	1.5%
Germany	2.4	1.4	1.4	2.1	-4.4%
Russia	0.3	0.2	0.1	2.0	88.2%
United States	1.0	0.3	0.3	1.2	6.3%
Italy	0.8	0.5	0.9	0.9	4.0%
Malaysia	0.3	0.3	0.3	0.7	32.6%
Philippines	N/A	0.1	N/A	0.4	100.0%
Ethiopia	0.2	N/A	N/A	N/A	0%
Portugal	N/A	N/A	0.4	N/A	0%
Others	5.9	6.0	6.7	5.8	-0.6%
Total	22.8	14.9	21.5	21.8	-1.5%

Top Export Markets for Numerically Controlled Sharpening Machine from China in 2022:

Russia (425.0 units)
Vietnam (405.0 units)
India (238.0 units)
Philippines (155.0 units)
Japan (130.0 units)
Italy (85.0 units)
United States (61.0 units)
Malaysia (57.0 units)
Germany (56.0 units)
Ethiopia (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for numerically controlled sharpening machine 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 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines 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
Find deeper insights into current market developments
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