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

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

The East Asian non-numerically controlled sharpening machine market rose to $X in 2022, growing by 3% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, non-numerically controlled sharpening machine production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Eastern Asia

After two years of growth, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -22% to X units in 2022. Overall, exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, non-numerically controlled sharpening machine exports shrank to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 92% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), constituting a 5.9% share of total exports. Japan (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of non-numerically controlled sharpening machines for working metal. At the same time, Japan (+6.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +6.4% from 2012-2022. By contrast, Taiwan (Chinese) (-4.7%) illustrated a downward trend over the same period. While the share of China (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-numerically controlled sharpening machine supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports.

In China, non-numerically controlled sharpening machine exports increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-0.6% per year) and Japan (-12.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 an increase of 25%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, 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 ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Eastern Asia

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were imported in Eastern Asia; jumping by 125% compared with the previous year's figure. Overall, imports, however, saw a slight reduction. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports rose modestly to $X in 2022. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) and South Korea (X units) was the largest importer of non-numerically controlled sharpening machines for working metal in Eastern Asia, making up 97% of total import.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +5.9%).

In value terms, Japan ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by South Korea ($X), with a 23% share of total imports.

In Japan, non-numerically controlled sharpening machine imports contracted by an average annual rate of -1.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, waning by -54.2% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while South Korea amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.8%).

Source: IndexBox Platform

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