Taiwan (Chinese): Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Taiwan (Chinese)

In 2021, after three years of growth, there was decline in the Taiwanese market for grinding, sanding and polishing machines, when its value decreased by -X% to $X. Overall, consumption, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain the momentum.

Production of Grinding, Sanding and Polishing Machines in Taiwan (Chinese)

In value terms, grinding, sanding and polishing machine production stood at $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the production volume increased by X% year-to-year. Grinding, sanding and polishing machine production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Taiwan (Chinese)

In 2021, shipments abroad of grinding, sanding and polishing machines was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X units in 2007; however, from 2008 to 2021, exports failed to regain the momentum.

In value terms, grinding, sanding and polishing machine exports expanded remarkably to $X in 2021. Overall, exports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2021, exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), North Macedonia (X units) and Serbia (X units) were the main destinations of grinding, sanding and polishing machine exports from Taiwan (Chinese).

From 2007 to 2020, the biggest increases were in Serbia, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Taiwan (Chinese) were North Macedonia ($X), Italy ($X) and Serbia ($X Macedonia 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 mixed trend patterns.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2020, waning by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia, while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Taiwan (Chinese)

In 2021, imports of grinding, sanding and polishing machines into Taiwan (Chinese) surged to X units, growing by X% against the year before. Over the period under review, imports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of X units. from 2012 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports fell to $X in 2021. In general, imports, however, showed a noticeable slump. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2009 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2020, Italy (X units) constituted the largest grinding, sanding and polishing machine supplier to Taiwan (Chinese), accounting for a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2007 to 2020, the average annual growth rate of volume from Italy totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Turkey (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding, sanding and polishing machine to Taiwan (Chinese), comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2020, with an increase of X% against the previous year. Overall, the import price continues to indicate a modest expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per unit. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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