EU: Market for Grinding, Sanding and Polishing Machines 2023

Market Size for Grinding, Sanding and Polishing Machines in the EU

The EU market for grinding, sanding and polishing machines soared to $X in 2021, growing by 16% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grinding, Sanding and Polishing Machines in the EU

In value terms, grinding, sanding and polishing machine production soared to $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 6,678%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports in the EU

After three years of growth, shipments abroad of grinding, sanding and polishing machines decreased by -9.7% to X units in 2021. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period 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 2017 with an increase of 23%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Germany (X units), distantly followed by the Netherlands (X units), Belgium (X units), Portugal (X units), Austria (X units) and Spain (X units) represented the largest exporters of grinding, sanding and polishing machines, together creating 84% of total exports. France (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Portugal (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest grinding, sanding and polishing machine supplier in the European Union, comprising 52% of total exports. The second position in the ranking was taken by Austria ($X), with a 6.5% share of total exports. It was followed by the Netherlands, with a 2.9% share.

In Germany, grinding, sanding and polishing machine exports expanded at an average annual rate of +5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (+9.9% per year) and the Netherlands (-2.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, growing by 34% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 34%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Portugal ($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 Netherlands (+5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Grinding, Sanding and Polishing Machines

Imports in the EU

In 2021, the amount of grinding, sanding and polishing machines imported in the European Union reached X units, increasing by 4% on the year before. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units), distantly followed by the Netherlands (X units), Belgium (X units), France (X units), Spain (X units), Austria (X units) and Poland (X units) were the largest importers of grinding, sanding and polishing machines, together mixing up 81% of total imports. Italy (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported grinding, sanding and polishing machines in the European Union, comprising 25% of total imports. The second position in the ranking was held by Austria ($X), with a 10% share of total imports. It was followed by France, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +6.1%. In the other countries, the average annual rates were as follows: Austria (+2.7% per year) and France (+1.8% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the 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 Austria ($X per unit), while the Netherlands ($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 Netherlands (+7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :