Eastern Asia: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in Eastern Asia

In 2021, the East Asian metal honing machine market increased by 1.4% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Metal Honing Machine Production in Eastern Asia

In value terms, metal honing machine production amounted to $X in 2021 estimated in export price. In general, production saw a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 4.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Metal Honing Machine Exports

Exports in Eastern Asia

In 2021, the amount of honing or lapping machines for working metal exported in Eastern Asia surged to X units, growing by 36% compared with 2020. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.6% against 2017 indices. The growth pace was the most rapid in 2019 when exports increased by 53%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, metal honing machine exports declined to $X in 2021. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) represented the key exporting country with an export of around X units, which recorded 66% of total exports. China (X units) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by Japan (6%).

From 2012 to 2021, average annual rates of growth with regard to metal honing machine exports from Taiwan (Chinese) stood at +8.1%. At the same time, China (+20.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.7% from 2012-2021. By contrast, Japan (-14.3%) illustrated a downward trend over the same period. China (+19 p.p.) and Taiwan (Chinese) (+14 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -32% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest metal honing machine supplier in Eastern Asia, comprising 54% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.3% per year) and China (+11.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, shrinking by -33.3% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by 43% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.9%), while the other leaders experienced a decline in the export price figures.

Metal Honing Machine Imports

Imports in Eastern Asia

In 2021, supplies from abroad of honing or lapping machines for working metal decreased by -15.8% to X units, falling for the third year in a row after two years of growth. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal honing machine imports shrank sharply to $X in 2021. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China was the major importer of honing or lapping machines for working metal in Eastern Asia, with the volume of imports resulting at X units, which was approx. 57% of total imports in 2021. South Korea (X units) ranks second in terms of the total imports with a 19% share, followed by Taiwan (Chinese) (9.9%) and Japan (8%). The following importers - Hong Kong SAR (X units) and Macao SAR (X units) - each resulted at a 5.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine imports into China stood at -12.4%. At the same time, Macao SAR (+59.1%), Taiwan (Chinese) (+16.4%) and South Korea (+4.6%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +59.1% from 2012-2021. By contrast, Hong Kong SAR (-6.5%) and Japan (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, Taiwan (Chinese) and Macao SAR increased by +13, +8.8 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported honing or lapping machines for working metal in Eastern Asia, comprising 86% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.9% share of total imports. It was followed by Japan, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled -11.7%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.3% per year) and Japan (-2.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, with a decrease of -7% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by 43% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Macao SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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