Global Metal Honing Machine Market 2024

Metal Honing Machine Market Size

After three years of growth, the global metal honing machine market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Metal Honing Machine Production

In value terms, metal honing machine production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a mild slump. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, global production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Honing Machine Exports

Exports

In 2022, shipments abroad of honing or lapping machines for working metal increased by X% to X units, rising for the second consecutive year after four years of decline. In general, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the global exports failed to regain momentum.

In value terms, metal honing machine exports rose slightly to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X units) and the UK (X units) represented the major exporters of honing or lapping machines for working metalaround the world, together mixing up X% of total exports. Malaysia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%). Italy (X units), Germany (X units), the Netherlands (X units), India (X units), Israel (X units), Taiwan (Chinese) (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest metal honing machine supplying countries worldwide were Germany ($X), Japan ($X) and the United States ($X), with a combined X% share of global exports. Italy, China, Taiwan (Chinese), the UK, Malaysia, the Netherlands, India and Israel lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average metal honing machine export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 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 ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced mixed trends in the export price figures.

Metal Honing Machine Imports

Imports

In 2022, overseas purchases of honing or lapping machines for working metal increased by X% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of global imports failed to regain momentum.

In value terms, metal honing machine imports reduced to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Canada was the major importing country with an import of about X units, which finished at X% of total imports. The UK (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). The following importers - Russia (X units), Thailand (X units) and the Philippines (X units) - together made up X% of total imports.

Imports into Canada decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Russia (X%), the UK (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of the UK (X p.p.), the United Arab Emirates (X p.p.), Russia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Canada ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports. The Philippines, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal honing machine import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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