China: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in China

In 2021, the Chinese stone sawing machine market decreased by -28.9% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a perceptible shrinkage. Stone sawing machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Stone Sawing Machine Production in China

In value terms, stone sawing machine production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 32%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Stone Sawing Machine Exports

Exports from China

In 2021, overseas shipments of sawing machines for working stone, ceramics and concrete increased by 37% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a slight shrinkage. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, stone sawing machine exports soared to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for stone sawing machine exports from China, with a 61% share of total exports. Moreover, stone sawing machine exports to the United States exceeded the volume sent to the second major destination, the UK (X units), sixfold. The third position in this ranking was taken by Canada (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.3% per year) and Canada (-8.7% per year).

In value terms, the United States ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from China, comprising 25% of total exports. The second position in the ranking was held by Germany ($X), with a 4.7% share of total exports. It was followed by Russia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.6% per year) and Russia (+2.8% per year).

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, shrinking by -9.8% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stone sawing machine export price decreased by -17.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to the UK ($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 Brazil (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into China

In 2021, approx. X units of sawing machines for working stone, ceramics and concrete were imported into China; waning by -20.3% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 1,463%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of stone sawing machine to China, with a 58% share of total imports. Moreover, stone sawing machine imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Austria (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.6% per year) and Austria (+20.3% per year).

In value terms, the United States ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to China, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.6% per year) and Italy (-12.6% per year).

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, growing by 196% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 653% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+37.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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