Asia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Asia

The Asian grinding and sharpening machine market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in Asia

In value terms, grinding and sharpening machine production stood at $X in 2022 estimated in export price. In general, production saw a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Asia

In 2022, shipments abroad of grinding and sharpening metal finishing machines decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, grinding and sharpening machine exports fell to $X in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), mixing up a X% share of total exports. The following exporters - Taiwan (Chinese) (X units) and Japan (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of grinding and sharpening metal finishing machines. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding and sharpening machine supplying countries in Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total exports. These countries were followed by India, which accounted for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X 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) (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Asia

In 2022, after five years of growth, there was significant decline in overseas purchases of grinding and sharpening metal finishing machines, when their volume decreased by X% to X units. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, grinding and sharpening machine imports dropped modestly to $X in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) was the largest importer of grinding and sharpening metal finishing machines, mixing up X% of total imports. Vietnam (X units) held the second position in the ranking, followed by Cyprus (X units), Thailand (X units), Turkey (X units) and Myanmar (X units). All these countries together took approx. X% share of total imports. The following importers - the Philippines (X units), Japan (X units), Singapore (X units), Indonesia (X units), Malaysia (X units), South Korea (X units) and Uzbekistan (X units) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Myanmar (X%), Vietnam (X%), Cyprus (X%), the Philippines (X%), Singapore (X%), Malaysia (X%), Japan (X%), Turkey (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam, Myanmar, Cyprus, Uzbekistan and India increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding and sharpening machine importing markets in Asia were India ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports. Vietnam, Thailand, Turkey, Singapore, Malaysia, Indonesia, the Philippines, Uzbekistan, Myanmar and Cyprus lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, showed a deep contraction. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 South Korea ($X per unit), while Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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