Asia: Stone Polishing Machine Market 2022

Stone Polishing Machine Market Size in Asia

For the third year in a row, the Asian stone polishing machine market recorded growth in sales value, which increased by X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Stone Polishing Machine Production in Asia

In value terms, stone polishing machine production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then shrank in the following year.

Stone Polishing Machine Exports

Exports in Asia

In 2021, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported in Asia; increasing by X% against 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporter of grinding or polishing machines for working stone, ceramics and concrete in Asia, with the volume of exports recording X units, which was approx. X% of total exports in 2021. It was distantly followed by South Korea (X units), Japan (X units) and Turkey (X units), together generating a X% share of total exports. The following exporters - the United Arab Emirates (X units) and Taiwan (Chinese) (X units) - each resulted at a X% share of total exports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest stone polishing machine supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, stone polishing machine exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Stone Polishing Machine Imports

Imports in Asia

In 2021, the amount of grinding or polishing machines for working stone, ceramics and concrete imported in Asia soared to X units, growing by X% against the previous year's figure. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

China represented the largest importer of grinding or polishing machines for working stone, ceramics and concrete in Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2021. It was distantly followed by Turkey (X units), Indonesia (X units) and Thailand (X units), together creating a X% share of total imports. Iran (X units), Taiwan (Chinese) (X units), India (X units), Malaysia (X units), the United Arab Emirates (X units) and South Korea (X units) held a little share of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Iran (+X%), Malaysia (+X%), Indonesia (+X%), Taiwan (Chinese) (+X%), the United Arab Emirates (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. By contrast, India (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Indonesia and Iran increased by +X, +X and +X percentage points, respectively. South Korea (-X p.p.), India (-X p.p.), Turkey (-X p.p.) and Thailand (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :