Report Update Nov 1, 2024

Southern Asia - Grinding and Sharpening Metal Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Southern Asia

The South Asian grinding and sharpening machine market expanded slightly to $X in 2022, with an increase of 4.1% against the previous year. In general, consumption saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Southern Asia

In value terms, grinding and sharpening machine production fell modestly to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 52% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Southern Asia

In 2022, grinding and sharpening machine exports in Southern Asia soared to X units, increasing by 26% on the previous year. Overall, exports saw strong growth. The growth pace was the most rapid in 2013 with an increase of 90% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, grinding and sharpening machine exports shrank slightly to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 83% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The biggest shipments were from India (X units), together amounting to 99% of total export.

India was also the fastest-growing in terms of the grinding and sharpening metal finishing machines exports, with a CAGR of +13.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest grinding and sharpening machine supplier in Southern Asia.

In India, grinding and sharpening machine exports increased at an average annual rate of +12.5% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, which is down by -24.2% against the previous year. In general, the export price recorded a mild reduction. The growth pace was the most rapid in 2017 when the export price increased by 110% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.7% per year.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Southern Asia

In 2022, grinding and sharpening machine imports in Southern Asia fell modestly to X units, therefore, remained relatively stable against 2021 figures. Overall, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, grinding and sharpening machine imports soared to $X in 2022. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by 30%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, recording X units, which was near 94% of total imports in 2022. Sri Lanka (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the grinding and sharpening metal finishing machines imports, with a CAGR of +3.3% from 2012 to 2022. Sri Lanka (-4.3%) illustrated a downward trend over the same period. While the share of India (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-2.9 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in Southern Asia, comprising 98% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 0.2% share of total imports.

In India, grinding and sharpening machine imports shrank by an average annual rate of -2.7% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, increasing by 15% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 75%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Sri Lanka amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding and sharpening metal finishing machines in Southern Asia?

The countries with the highest volumes of in 2021 were India and Bangladesh.

What are the largest producers of grinding and sharpening metal finishing machines in Southern Asia?

The countries with the highest volumes of in 2021 were Bangladesh and India.

What are the leading suppliers of grinding and sharpening metal finishing machines in Southern Asia?

In value terms, India remains the largest grinding and sharpening machine supplier in Southern Asia.

What are the leading importers of grinding and sharpening metal finishing machines in Southern Asia?

In value terms, India constitutes the largest market for imported grinding and sharpening metal finishing machines in Southern Asia, comprising 95% of total imports. The second position in the ranking was occupied by Pakistan, with a 2.6% share of total imports. It was followed by Bangladesh, with a 1.4% share.

What is the average export price for grinding and sharpening metal finishing machines in Southern Asia?

The export price in Southern Asia stood at $706 per unit in 2021, increasing by 11% against the previous year.

What is the average import price for grinding and sharpening metal finishing machines in Southern Asia?

In 2021, the import price in Southern Asia amounted to $1,443 per unit, reducing by -33.3% against the previous year.

This report provides an in-depth analysis of the market for grinding and sharpening machine in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412305 - Numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412315 - Numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412325 - Other numerically controlled grinding machines in which the positioning in any one axis can be set up to accuracy > 0,01 mm
Prodcom 28412335 - Non-numerically controlled flat-surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412345 - Non-numerically controlled cylindrical surface grinding machines for working metal, in which the positioning in any one axis can be set up to a minimum accuracy of 0,01 mm
Prodcom 28412355 - Grinding machines for working metal, any one axis can be set to an accuracy . 0,01 mm excluding flat-surface grinding machines, cylindrical surface grinding machines
Prodcom 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working metal
Prodcom 28412375 - Non-numerically controlled sharpening (tool or cutter grinding) machines for working metal

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023