Overview of the Global Market for Grinding, Sanding and Polishing Machines

Market Size for Grinding, Sanding and Polishing Machines

In 2021, the global market for grinding, sanding and polishing machines decreased by -2.2% to $X for the first time since 2014, thus ending a six-year rising trend. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by 8.6% against the previous year. Over the period under review, the global market reached the maximum level at $X in 2020, and then dropped in the following year.

Production of Grinding, Sanding and Polishing Machines

In value terms, grinding, sanding and polishing machine production soared to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,725%. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports

In 2021, overseas shipments of grinding, sanding and polishing machines increased by 34% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 41% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of grinding, sanding and polishing machines in the world, with the volume of exports accounting for X units, which was near 62% of total exports in 2021. Taiwan (Chinese) (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.1%). The following exporters - the Netherlands (X units), Belgium (X units), Portugal (X units) and Chile (X units) - together made up 9.5% of total exports.

Exports from China increased at an average annual rate of +28.1% from 2012 to 2021. At the same time, Chile (+72.8%), Portugal (+54.3%), Germany (+23.5%), Belgium (+22.5%) and Taiwan (Chinese) (+9.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in the world, with a CAGR of +72.8% from 2012-2021. By contrast, the Netherlands (-7.4%) illustrated a downward trend over the same period. While the share of China (+40 p.p.), Germany (+3.2 p.p.), Portugal (+1.9 p.p.) and Chile (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-5.6 p.p.) and the Netherlands (-19.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding, sanding and polishing machine supplying countries worldwide were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 61% of global exports. The Netherlands, Belgium, Chile and Portugal lagged somewhat behind, together accounting for a further 2.3%.

In terms of the main exporting countries, Chile, with a CAGR of +43.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, dropping by -10% against the previous year. In general, the export price showed a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 26%. The global export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the other global leaders experienced a decline in the export price figures.

Imports of Grinding, Sanding and Polishing Machines

Imports

In 2021, the amount of grinding, sanding and polishing machines imported worldwide rose remarkably to X units, growing by 15% on the previous year's figure. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 19%. Over the period under review, global imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. Over the period under review, global imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, India (X units), distantly followed by the United States (X units), the UK (X units), Germany (X units) and South Africa (X units) were the largest importers of grinding, sanding and polishing machines, together making up 55% of total imports. The Netherlands (X units), Belgium (X units), Brazil (X units), Canada (X units), Chile (X units), Aruba (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +45.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported grinding, sanding and polishing machines worldwide, comprising 26% of global imports. The second position in the ranking was held by Germany ($X), with a 5.2% share of global imports. It was followed by Canada, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Canada (+4.8% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, with an increase of 1.6% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 4.2%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Aruba ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :