Asia-Pacific: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Asia-Pacific

The Asia-Pacific grinding and sharpening machine market reached $X in 2022, growing by X% against the previous year. In general, consumption enjoyed prominent 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-Pacific

In value terms, grinding and sharpening machine production totaled $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked 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-Pacific

In 2022, overseas shipments 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. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then fell markedly in the following year.

In value terms, grinding and sharpening machine exports totaled $X in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

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), constituting 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-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. 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-Pacific were Japan ($X), Taiwan (Chinese) ($X) and China ($X), together comprising X% of total exports. India lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded 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

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, showed a abrupt contraction. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 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-Pacific

After eight years of growth, overseas purchases of grinding and sharpening metal finishing machines decreased by X% to X units in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted dramatically in the following year.

In value terms, grinding and sharpening machine imports declined slightly to $X in 2022. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units), distantly followed by Australia (X units), Vietnam (X units), Thailand (X units) and Myanmar (X units) were the main importers of grinding and sharpening metal finishing machines, together generating X% of total imports. The following importers - New Zealand (X units) and the Philippines (X units) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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