U.S.: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in the U.S.

The U.S. grinding and sharpening machine market reached $X in 2022, picking up by 4.8% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.4% against 2020 indices. 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 the U.S.

In value terms, grinding and sharpening machine production totaled $X in 2022. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 7.3%. Grinding and sharpening machine production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from the U.S.

After two years of growth, overseas shipments of grinding and sharpening metal finishing machines decreased by -19% to X units in 2022. Over the period under review, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports surged to $X in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 46%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for grinding and sharpening machine exports from the United States, with a 49% share of total exports. Moreover, grinding and sharpening machine exports to Canada exceeded the volume sent to the second major destination, France (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.2% per year) and Germany (-7.1% per year).

In value terms, the largest markets for grinding and sharpening machine exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), with a combined 60% share of total exports. China, France, South Korea, the UK, Australia, Italy, the Netherlands, Russia, Spain and Sweden lagged somewhat behind, together accounting for a further 13%.

South Korea, with a CAGR of +6.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, jumping by 63% against the previous year. In general, the export price, however, saw a deep slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Sweden ($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 South Korea (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into the U.S.

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported into the United States; with a decrease of -16% against 2021. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports skyrocketed to $X in 2022. In general, imports saw a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), Sweden (X units) and China (X units) were the main suppliers of grinding and sharpening machine imports to the United States, with a combined 66% share of total imports. Italy, Japan, Germany, Poland and Canada lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to the United States, comprising 18% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.7% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.4% per year) and China (-3.4% per year).

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, jumping by 62% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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