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

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

The Chinese non-numerically controlled sharpening machine market expanded significantly to $X in 2022, with an increase of 7.8% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Non-numerically controlled sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, non-numerically controlled sharpening machine production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 24% against the previous year. Non-numerically controlled sharpening machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from China

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by -22.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. 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 shrank to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X units), Russia (X units) and Germany (X units) were the main destinations of non-numerically controlled sharpening machine exports from China, together comprising 58% of total exports. Slovenia, Poland, Belgium, Austria, the Netherlands, Australia, France, Brazil and India lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +72.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Germany ($X) were the largest markets for non-numerically controlled sharpening machine exported from China worldwide, with a combined 26% share of total exports. India, the Netherlands, Slovenia, Poland, Austria, Brazil, Australia, Belgium and France lagged somewhat behind, together accounting for a further 26%.

Slovenia, with a CAGR of +71.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, picking up by 20% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2013 an increase of 27%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into China

In 2022, imports of non-numerically controlled sharpening machines for working metal into China fell rapidly to X units, which is down by -25.4% on 2021 figures. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 61%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports reduced markedly to $X in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 51% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Japan (X units) and Germany (X units) were the main suppliers of non-numerically controlled sharpening machine imports to China, with a combined 38% share of total imports. The UK, Canada, Switzerland, Spain and South Korea lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to China, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.7% per year) and the UK (+18.8% per year).

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, shrinking by -8.5% against the previous year. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 79%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+55.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :