Germany: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Germany

In 2021, the German market for grinding, sanding and polishing machines decreased by -75.2% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption continues to indicate a deep slump. Grinding, sanding and polishing machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Grinding, Sanding and Polishing Machines in Germany

In value terms, grinding, sanding and polishing machine production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 17%. Grinding, sanding and polishing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Germany

In 2021, shipments abroad of grinding, sanding and polishing machines increased by 29% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from Germany, accounting for a 20% share of total exports. Moreover, grinding, sanding and polishing machine exports to the United States exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by France (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+4.7% per year) and France (+4.5% per year).

In value terms, the United States ($X) remains the key foreign market for grinding, sanding and polishing machine exports from Germany, comprising 31% of total exports. The second position in the ranking was taken by Mexico ($X), with a 4.3% share of total exports. It was followed by France, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+43.8% per year) and France (+6.3% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, falling by -2.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 58% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Germany

In 2021, overseas purchases of grinding, sanding and polishing machines increased by 23% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports soared to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +66.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Germany, accounting for a 61% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was taken by Austria (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.2% per year) and Austria (+25.6% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Germany were China ($X), Italy ($X) and Austria ($X), together accounting for 76% of total imports.

Austria, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, picking up by 9.2% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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