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

Market Size for Grinding, Sanding and Polishing Machines

In 2023, after seven years of growth, there was significant decline in the global market for grinding, sanding and polishing machines, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2022, and then declined in the following year.

Production of Grinding, Sanding and Polishing Machines

In value terms, grinding, sanding and polishing machine production reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports

In 2023, shipments abroad of grinding, sanding and polishing machines decreased by X% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the global exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at $X in 2022, and then fell modestly in the following year.

Exports by Country

China dominates exports structure, finishing at X units, which was near X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X units), the Netherlands (X units) and the UK (X units), together creating a X% share of total exports. The following exporters - Germany (X units), Spain (X units), Belgium (X units), Portugal (X units) and Poland (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Portugal (X%), Germany (X%), Spain (X%), Belgium (X%), the UK (X%) and Poland (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Germany (X p.p.), Portugal (X p.p.) and Spain (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for grinding, sanding and polishing machines amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports

In 2023, after six years of growth, there was significant decline in purchases abroad of grinding, sanding and polishing machines, when their volume decreased by X% to X units. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked at X units in 2022, and then fell sharply in the following year.

In value terms, grinding, sanding and polishing machine imports dropped to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Global imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

India represented the largest importer of grinding, sanding and polishing machines in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2023. It was distantly followed by the United States (X units) and Brazil (X units), together generating a X% share of total imports. The UK (X units), Canada (X units), Germany (X units), the Netherlands (X units), Belgium (X units), Russia (X units) and Spain (X units) held a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Russia (X%), Germany (X%), Canada (X%), Brazil (X%), Belgium (X%), the United States (X%) and the UK (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. India (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the global imports, while the UK, the United States and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United States, grinding, sanding and polishing machine imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform