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

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

In 2022, the Asian non-numerically controlled sharpening machine market increased by 3.3% to $X, rising for the fifth consecutive year after five years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Asia

In value terms, non-numerically controlled sharpening machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of non-numerically controlled sharpening machines for working metal, when their volume decreased by -20.6% to X units. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, non-numerically controlled sharpening machine exports declined to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 89% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), making up a 5.7% share of total exports. The following exporters - India (X units) and Japan (X units) - each amounted to a 3.9% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of non-numerically controlled sharpening machines for working metal. At the same time, India (+13.7%) and Japan (+6.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.7% from 2012-2022. By contrast, Taiwan (Chinese) (-4.7%) illustrated a downward trend over the same period. India (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -2.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-numerically controlled sharpening machine supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Japan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-0.6% per year) and Japan (-12.2% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 24%. As a result, the export price reached the peak level of $X per unit. 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 ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Asia

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported in Asia; with an increase of 22% on 2021. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, non-numerically controlled sharpening machine imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2019 with an increase of 29%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units) and India (X units) dominates imports structure, together mixing up 74% of total imports. Japan (X units), Indonesia (X units), South Korea (X units), Cyprus (X units), Kazakhstan (X units), Thailand (X units) and Singapore (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in Asia, comprising 28% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -1.6%. In the other countries, the average annual rates were as follows: Turkey (+5.1% per year) and Japan (-1.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, waning by -17.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by 61% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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 Japan ($X per unit), while Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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