Asia-Pacific: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

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

The Asia-Pacific non-numerically controlled sharpening machine market expanded to $X in 2022, surging by 3.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-numerically controlled sharpening machine production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Asia-Pacific

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 -20.7% to X units. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, the exports attained the peak of X units, and then reduced rapidly 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, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 48% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near 89% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a 5.7% share of total exports. The following exporters - India (X units) and Japan (X units) - each resulted at 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-Pacific, with a CAGR of +13.7% from 2012-2022. By contrast, Taiwan (Chinese) (-4.7%) illustrated a downward trend over the same period. While the share of India (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-numerically controlled sharpening machine supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Japan, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.1%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-0.6% per year) and Japan (-12.2% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 17% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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-Pacific

In 2022, imports of non-numerically controlled sharpening machines for working metal in Asia-Pacific skyrocketed to X units, jumping by 16% on 2021 figures. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine imports rose modestly to $X in 2022. Overall, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the largest importer of non-numerically controlled sharpening machines for working metal in Asia-Pacific, with the volume of imports finishing at X units, which was near 55% of total imports in 2022. Australia (X units) ranks second in terms of the total imports with a 10% share, followed by Japan (7.2%), Indonesia (5.5%) and South Korea (5%). The following importers - Thailand (X units) and New Zealand (X units) - each recorded a 6.3% share of total imports.

Imports into India increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, New Zealand (+7.2%), South Korea (+5.9%) and Australia (+2.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +7.2% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Japan (-4.3%) and Thailand (-12.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and South Korea increased by +11 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 52% share of total imports.

Among the main importing countries, New Zealand, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, with a decrease of -12.1% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by 73%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 New Zealand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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