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

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

In 2022, after two years of decline, there was significant growth in the East Asian numerically controlled sharpening machine market, when its value increased by 148% to $X. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, numerically controlled sharpening machine production fell to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 104%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Eastern Asia

In 2022, the amount of numerically controlled sharpening machines for working metal exported in Eastern Asia declined to X units, shrinking by -13.1% against the previous year's figure. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 145%. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, numerically controlled sharpening machine exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2021 when exports increased by 78%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at 56% of total exports. Taiwan (Chinese) (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Japan (13%) and Hong Kong SAR (12%).

China was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal exports, with a CAGR of +56.6% from 2012 to 2022. At the same time, Hong Kong SAR (+22.9%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-4.2%) illustrated a downward trend over the same period. China (+54 p.p.) and Hong Kong SAR (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Japan saw its share reduced by -25.9% and -35.5% from 2012 to 2022, respectively.

In value terms, the largest numerically controlled sharpening machine supplying countries in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 97% of total exports.

China, with a CAGR of +21.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, dropping by -12.1% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.6%), while the other leaders experienced a decline in the export price figures.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Eastern Asia

In 2022, the amount of numerically controlled sharpening machines for working metal imported in Eastern Asia dropped to X units, which is down by -11.7% compared with the previous year's figure. Overall, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports reduced slightly to $X in 2022. Over the period under review, imports showed a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the largest importer of numerically controlled sharpening machines for working metal, comprising 63% of total imports. Japan (X units) took the second position in the ranking, followed by South Korea (X units) and Taiwan (Chinese) (X units). All these countries together took approx. 35% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of numerically controlled sharpening machines for working metal. At the same time, South Korea (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.0% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.3%) and Japan (-5.8%) illustrated a downward trend over the same period. China (+4.8 p.p.) and South Korea (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Eastern Asia, comprising 80% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.4% share of total imports. It was followed by South Korea, with a 7.5% share.

In China, numerically controlled sharpening machine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.5% per year) and South Korea (+2.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by 9.4% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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