Asia-Pacific: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in Asia-Pacific

The Asia-Pacific stone polishing machine market reduced to $X in 2022, with a decrease of -9% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.8% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Stone Polishing Machine Production in Asia-Pacific

In value terms, stone polishing machine production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.6%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Stone Polishing Machine Exports

Exports in Asia-Pacific

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported in Asia-Pacific; with an increase of 16% compared with 2021. Total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, stone polishing machine exports contracted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 37%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the main exporter of grinding or polishing machines for working stone, ceramics and concrete in Asia-Pacific, with the volume of exports reaching X units, which was approx. 49% of total exports in 2022. It was distantly followed by Japan (X units) and South Korea (X units), together comprising a 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +11.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest stone polishing machine supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports.

In China, stone polishing machine exports expanded at an average annual rate of +10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+2.6% per year) and Japan (-12.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, falling by -23% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 49%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Japan ($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 (-1.0%), while the other leaders experienced a decline in the export price figures.

Stone Polishing Machine Imports

Imports in Asia-Pacific

Stone polishing machine imports dropped to X units in 2022, which is down by -8.1% compared with the previous year. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 147% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, stone polishing machine imports declined dramatically to $X in 2022. Overall, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India was the main importing country with an import of around X units, which amounted to 74% of total imports. It was distantly followed by Thailand (X units), constituting a 13% share of total imports. The following importers - Singapore (X units), Vietnam (X units) and China (X units) - each accounted for a 5.2% share of total imports.

India was also the fastest-growing in terms of the grinding or polishing machines for working stone, ceramics and concrete imports, with a CAGR of +39.1% from 2012 to 2022. At the same time, Vietnam (+15.5%), Singapore (+6.6%) and Thailand (+3.8%) displayed positive paces of growth. China experienced a relatively flat trend pattern. India (+61 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, China and Thailand saw its share reduced by -2.8%, -6.5% and -30.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete in Asia-Pacific, comprising 50% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by Vietnam, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value in China totaled -5.8%. The remaining importing countries recorded the following average annual rates of imports growth: India (+7.5% per year) and Vietnam (+13.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, declining by -18.2% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat 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 China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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