Germany: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Germany

The German stone polishing machine market reduced remarkably to $X in 2022, with a decrease of -60.9% against the previous year. Overall, consumption recorded a deep contraction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Stone Polishing Machine Production in Germany

In value terms, stone polishing machine production shrank to $X in 2022 estimated in export price. Overall, production showed a slight decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Stone Polishing Machine Exports

Exports from Germany

In 2022, overseas shipments of grinding or polishing machines for working stone, ceramics and concrete increased by 6.8% to X units, rising for the sixth year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports soared to $X in 2022. Overall, exports showed noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of 38%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X units) was the main destination for stone polishing machine exports from Germany, with a 39% share of total exports. Moreover, stone polishing machine exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. India (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.4% per year) and India (+2.5% per year).

In value terms, China ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Germany, comprising 66% of total exports. The second position in the ranking was taken by the United States ($X), with a 5% share of total exports. It was followed by Poland, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.6% per year) and Poland (+9.8% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, picking up by 9.1% against the previous year. Over the period under review, the export price showed a tangible expansion. The growth pace was the most rapid in 2015 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Moldova ($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 Taiwan (Chinese) (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Germany

In 2022, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -23.5% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 27% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports shrank to $X in 2022. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Switzerland (X units) were the main suppliers of stone polishing machine imports to Germany, with a combined 57% share of total imports. Japan, Austria, Italy and South Korea lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Germany were Italy ($X), France ($X) and Switzerland ($X), together comprising 46% of total imports. China, Japan, Austria and South Korea lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, South Korea, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, growing by 15% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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