China: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in China

In 2022, the Chinese market for grinding, sanding and polishing machines increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Grinding, sanding and polishing machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Grinding, Sanding and Polishing Machines in China

In value terms, grinding, sanding and polishing machine production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Exports of Grinding, Sanding and Polishing Machines

Exports from China

After ten years of growth, shipments abroad of grinding, sanding and polishing machines decreased by X% to X units in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, grinding, sanding and polishing machine exports fell to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

The United States (X units) was the main destination for grinding, sanding and polishing machine exports from China, with a X% share of total exports. Moreover, grinding, sanding and polishing machine exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

In value terms, Vietnam ($X), the United States ($X) and Russia ($X) appeared to be the largest markets for grinding, sanding and polishing machine exported from China worldwide, with a combined X% share of total exports. Germany, Canada, Australia, the UK, the Netherlands, Belgium, Italy and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other 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 2022, surging by X% against the previous year. In general, the export price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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

Imports of Grinding, Sanding and Polishing Machines

Imports into China

In 2022, supplies from abroad of grinding, sanding and polishing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports declined dramatically to $X in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main suppliers of grinding, sanding and polishing machine imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to China, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure 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 Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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