Report Update Nov 1, 2024

Southern Asia - Grinding, Sanding or Polishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Southern Asia

The South Asian market for grinding, sanding and polishing machines rose remarkably to $X in 2021, growing by 15% against the previous year. In general, consumption saw a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Production of Grinding, Sanding and Polishing Machines in Southern Asia

In value terms, grinding, sanding and polishing machine production declined to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 4.4% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports in Southern Asia

Grinding, sanding and polishing machine exports soared to X units in 2021, rising by 208% on 2020 figures. Overall, exports enjoyed resilient growth. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports rose notably to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 77% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

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

India was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of +9.0% from 2012 to 2021. India (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled -4.2%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, shrinking by -63.5% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2020 when the export price increased by 105% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 2021, the rate of growth in terms of prices for India amounted to -12.1% per year.

Imports of Grinding, Sanding and Polishing Machines

Imports in Southern Asia

In 2021, approx. X units of grinding, sanding and polishing machines were imported in Southern Asia; surging by 16% compared with the previous year's figure. Overall, imports showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 103%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports rose to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, finishing at X units, which was near 98% of total imports in 2021. Sri Lanka (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the grinding, sanding and polishing machines imports, with a CAGR of +39.2% from 2012 to 2021. Sri Lanka (-3.2%) illustrated a downward trend over the same period. While the share of India (+29 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-27 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported grinding, sanding and polishing machines in Southern Asia, comprising 82% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 1.5% share of total imports.

In India, grinding, sanding and polishing machine imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, waning by -12.1% against the previous year. In general, the import price faced a sharp contraction. The growth pace was the most rapid in 2016 an increase of 3.2%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-8.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grinding, sanding and polishing machines in Southern Asia?

The country with the largest volume of grinding, sanding and polishing machine consumption was India, comprising approx. 100% of total volume.

What are the largest producers of grinding, sanding and polishing machines in Southern Asia?

India remains the largest grinding, sanding and polishing machine producing country in Southern Asia, accounting for 100% of total volume.

What are the leading exporters of grinding, sanding and polishing machines in Southern Asia?

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

What are the leading importers of grinding, sanding and polishing machines in Southern Asia?

In value terms, India constitutes the largest market for imported grinding, sanding and polishing machines in Southern Asia, comprising 66% of total imports. The second position in the ranking was occupied by Bangladesh, with an 18% share of total imports. It was followed by Pakistan, with a 9.7% share.

What is the average export price for grinding, sanding and polishing machines in Southern Asia?

In 2021, the export price for grinding, sanding and polishing machines in Southern Asia amounted to $234 per unit, which is down by -52.8% against the previous year.

What is the average import price for grinding, sanding and polishing machines in Southern Asia?

The import price for grinding, sanding and polishing machines in Southern Asia stood at $1,438 per unit in 2021, surging by 814% against the previous year.

This report provides an in-depth analysis of the market for grinding, sanding and polishing 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials

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