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

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

In 2022, the Asia-Pacific numerically controlled sharpening machine market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, numerically controlled sharpening machine production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 7.9%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Asia-Pacific

Numerically controlled sharpening machine exports shrank to X units in 2022, with a decrease of -7.2% compared with 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 223%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports fell modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2021 when exports increased by 102% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of numerically controlled sharpening machines for working metal, namely Singapore, China and Australia, represented more than half of total export. It was distantly followed by Malaysia (X units), Thailand (X units), Taiwan (Chinese) (X units) and Japan (X units), together constituting a 31% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +92.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest numerically controlled sharpening machine supplier in Asia-Pacific, comprising 39% of total exports. The second position in the ranking was held by Australia ($X), with a 19% share of total exports. It was followed by Japan, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+121.6% per year) and Japan (-7.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by 5.2% against the previous year. In general, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 227%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Asia-Pacific

After three years of decline, purchases abroad of numerically controlled sharpening machines for working metal increased by 14% to X units in 2022. Overall, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports contracted modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines represented the major importer of numerically controlled sharpening machines for working metal in Asia-Pacific, with the volume of imports accounting for X units, which was near 36% of total imports in 2022. China (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (14%), Malaysia (12%) and India (6%). The following importers - Japan (X units) and South Korea (X units) - each finished at a 5.9% share of total imports.

The Philippines was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal imports, with a CAGR of +38.8% from 2012 to 2022. At the same time, India (+19.6%), Malaysia (+14.0%) and South Korea (+2.0%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Japan (-5.8%) and Singapore (-18.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Malaysia, India and China increased by +35, +9.4, +5.3 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Asia-Pacific, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with a 7.3% share of total imports. It was followed by South Korea, with a 6.5% share.

In China, numerically controlled sharpening machine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.5% per year) and South Korea (+2.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, falling by -12.7% against the previous year. Over the period under review, the import price, however, showed a measured increase. The most prominent rate of growth was recorded in 2014 an increase of 144%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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