Stone Sawing Machine Market

The article discusses the anticipated decline in the stone sawing machine market over the next eight years, with a projected decrease in consumption volume and market value. It highlights the growth in consumption and production in certain countries, such as Russia and China, while also examining import and export trends. Global consumption peaked in 2022, with some fluctuations in trends observed throughout the analyzed period. The data shows a shift in market dynamics and highlights the importance of key players like China and India in the stone sawing machine industry.

Market Forecast

The stone sawing machine market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.4% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 3.4M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +0.1% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sawing Machines For Working Stone, Ceramics And Concrete

In 2022, consumption of sawing machines for working stone, ceramics and concrete increased by 8.4% to 3.5M units, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in the near future.

The global stone sawing machine market size rose remarkably to $4.4B in 2022, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $5.6B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (742K units), China (638K units) and the United States (631K units), together comprising 57% of global consumption. Germany, Russia, the UK, Canada, Japan, the Netherlands, Spain and Brazil lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +26.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($1.2B), Russia ($603M) and China ($348M) constituted the countries with the highest levels of market value in 2022, together comprising 48% of the global market.

In terms of the main consuming countries, Russia, with a CAGR of +26.4%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of stone sawing machine per capita consumption in 2022 were the Netherlands (4 units per 1000 persons), Germany (3.6 units per 1000 persons) and Canada (2.3 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +26.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Sawing Machines For Working Stone, Ceramics And Concrete

Global stone sawing machine production dropped modestly to 2M units in 2022, therefore, remained relatively stable against the previous year. In general, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 19% against the previous year. As a result, production reached the peak volume of 3.2M units. From 2014 to 2022, global production growth remained at a somewhat lower figure.

In value terms, stone sawing machine production shrank to $3.6B in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 24%. Global production peaked at $5.7B in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Production By Country

China (1.1M units) remains the largest stone sawing machine producing country worldwide, comprising approx. 54% of total volume. Moreover, stone sawing machine production in China exceeded the figures recorded by the second-largest producer, Germany (293K units), fourfold. The third position in this ranking was held by Japan (86K units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at -3.2%. The remaining producing countries recorded the following average annual rates of production growth: Germany (+4.7% per year) and Japan (-4.4% per year).

Imports

World Imports of Sawing Machines For Working Stone, Ceramics And Concrete

For the third year in a row, the global market recorded growth in purchases abroad of sawing machines for working stone, ceramics and concrete, which increased by 2.9% to 2.2M units in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, stone sawing machine imports dropped to $704M in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $740M, and then dropped slightly in the following year.

Imports By Country

India (785K units) and the United States (637K units) represented roughly 65% of total imports in 2022. It was distantly followed by Russia (150K units), the UK (137K units) and the Netherlands (105K units), together making up an 18% share of total imports. The following importers - Canada (93K units) and Spain (46K units) - together made up 6.3% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +37.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($198M) constitutes the largest market for imported sawing machines for working stone, ceramics and concrete worldwide, comprising 28% of global imports. The second position in the ranking was taken by Canada ($38M), with a 5.4% share of global imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +9.7%. In the other countries, the average annual rates were as follows: Canada (+3.0% per year) and India (+3.8% per year).

Import Prices By Country

In 2022, the average stone sawing machine import price amounted to $322 per unit, declining by -7.6% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, average import prices attained the maximum at $752 per unit in 2013; however, from 2014 to 2022, 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 Canada ($410 per unit), while India ($33 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.5%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Sawing Machines For Working Stone, Ceramics And Concrete

In 2022, after two years of growth, there was significant decline in overseas shipments of sawing machines for working stone, ceramics and concrete, when their volume decreased by -25.2% to 687K units. In general, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 24%. The global exports peaked at 959K units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, stone sawing machine exports reduced modestly to $640M in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports attained the peak of $659M, and then declined in the following year.

Exports By Country

China prevails in exports structure, amounting to 445K units, which was near 65% of total exports in 2022. The Netherlands (51K units) ranks second in terms of the total exports with a 7.4% share, followed by Italy (6.9%) and India (6.3%). Belarus (12K units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stone sawing machine exports from China stood at -5.1%. At the same time, Belarus (+62.4%) and India (+45.0%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +62.4% from 2012-2022. The Netherlands and Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of India, the Netherlands, Italy and Belarus increased by +6.2, +2.3, +2.1 and +1.7 percentage points, respectively.

In value terms, the largest stone sawing machine supplying countries worldwide were Italy ($208M), China ($171M) and the Netherlands ($15M), together accounting for 61% of global exports. India and Belarus lagged somewhat behind, together accounting for a further 0.5%.

Belarus, with a CAGR of +8.3%, recorded the highest growth rate of 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

The average stone sawing machine export price stood at $932 per unit in 2022, with an increase of 30% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 39% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($4,406 per unit), while India ($52 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform