China: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in China

The Chinese metal honing machine market fell remarkably to $X in 2021, with a decrease of -20.7% against the previous year. In general, consumption saw a deep setback. Metal honing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Honing Machine Production in China

In value terms, metal honing machine production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 13%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Honing Machine Exports

Exports from China

Metal honing machine exports from China surged to X units in 2021, rising by 20% on the year before. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 193%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal honing machine exports reduced modestly to $X in 2021. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X units), Vietnam (X units) and Japan (X units) were the main destinations of metal honing machine exports from China, with a combined 36% share of total exports. Russia, South Korea, Thailand, Iraq, Sudan, Indonesia, the United States, Poland, Guinea and Malaysia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of +85.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal honing machine exported from China were Thailand ($X), Vietnam ($X) and Japan ($X), together accounting for 32% of total exports. South Korea, the United States, Russia, Indonesia, Malaysia, Guinea, Poland, Sudan, Belgium and Iraq lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Guinea, with a CAGR of +88.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2021, waning by -16.8% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into China

In 2021, overseas purchases of honing or lapping machines for working metal were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 15%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal honing machine imports fell rapidly to $X in 2021. In general, imports, however, showed a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of metal honing machine to China, with a 51% share of total imports. Moreover, metal honing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.9% per year) and Germany (-2.4% per year).

In value terms, Germany ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest metal honing machine suppliers to China, together accounting for 90% of total imports. Switzerland, South Korea, the United States, France, Sweden and the UK lagged somewhat behind, together accounting for a further 7.1%.

France, with a CAGR of +3.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, declining by -27% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 35%. The import price peaked at $X per unit in 2020, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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