Eastern Asia: Market for Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Numerically Controlled Sharpening Machines For Working Metal in Eastern Asia

The East Asian numerically controlled sharpening machine market reached $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a noticeable descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Eastern Asia

In value terms, numerically controlled sharpening machine production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Eastern Asia

In 2022, overseas shipments of numerically controlled sharpening machines for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, numerically controlled sharpening machine exports shrank dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

In 2022, China (X units) was the key exporter of numerically controlled sharpening machines for working metal, achieving X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units), together making up a X% share of total exports.

China was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Hong Kong SAR increased by X and X percentage points, respectively.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while Hong Kong SAR ($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 a decline in the export price figures.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Eastern Asia

Numerically controlled sharpening machine imports declined to X units in 2022, with a decrease of X% against the year before. In general, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, numerically controlled sharpening machine imports contracted modestly to $X in 2022. Overall, imports continue to indicate a slight decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China was the largest importer of numerically controlled sharpening machines for working metal in Eastern Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Japan (X units) held the second position in the ranking, followed by South Korea (X units) and Taiwan (Chinese) (X units). All these countries together held near X% share of total imports. Hong Kong SAR (X units) held a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of numerically controlled sharpening machines for working metal. At the same time, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), South Korea and China increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

In China, numerically controlled sharpening machine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :