Asia: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Asia

In 2021, the Asian stone sawing machine market increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a slight slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Stone Sawing Machine Production in Asia

In value terms, stone sawing machine production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Stone Sawing Machine Exports

Exports in Asia

In 2021, shipments abroad of sawing machines for working stone, ceramics and concrete increased by 39% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 27%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China represented the major exporter of sawing machines for working stone, ceramics and concrete in Asia, with the volume of exports resulting at X units, which was near 86% of total exports in 2021. It was distantly followed by India (X units), creating an 11% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to stone sawing machine exports from China stood at -1.0%. At the same time, India (+67.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +67.1% from 2012-2021. India (+11 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -11.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest stone sawing machine supplier in Asia, comprising 80% of total exports. The second position in the ranking was held by India ($X), with a 1.4% share of total exports.

In China, stone sawing machine exports expanded at an average annual rate of +3.5% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, dropping by -14.2% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stone sawing machine export price decreased by -19.8% against 2019 indices. The growth pace was the most rapid in 2019 when the export price increased by 58% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%).

Stone Sawing Machine Imports

Imports in Asia

Stone sawing machine imports surged to X units in 2021, increasing by 55% on the previous year. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2013 when imports increased by 26%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

India dominates imports structure, accounting for X units, which was approx. 78% of total imports in 2021. The United Arab Emirates (X units), Vietnam (X units), Israel (X units) and Kazakhstan (X units) took a little share of total imports.

India was also the fastest-growing in terms of the sawing machines for working stone, ceramics and concrete imports, with a CAGR of +43.3% from 2012 to 2021. At the same time, Israel (+13.6%), Kazakhstan (+11.9%) and Vietnam (+2.5%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. While the share of India (+67 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-4.9 p.p.) and the United Arab Emirates (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sawing machines for working stone, ceramics and concrete in Asia, comprising 19% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.2% share of total imports. It was followed by Vietnam, with a 7.2% share.

In India, stone sawing machine imports expanded at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+8.1% per year) and Vietnam (+5.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, waning by -24% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 7.1%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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