In 2023, China led as the top exporter of millstones, grinding stones, and grinding wheels with exports valued at $696.21 million, followed by Germany and Japan, valued at $616.33 million and $492.25 million respectively. Other prominent exporters include Italy and the United States. Year-on-year growth from 2022 to 2023 showed an upward trend for most countries, driven by strong industrial demand and technological advancements. Over the past five years, the compound annual growth rate (CAGR) indicates steady expansions, particularly notable in Asian markets such as China and South Korea.
Looking ahead, exporters should focus on technological innovations in grinding solutions and seek diversification of markets due to potential global economic shifts. Sustainability concerns may drive demand for eco-friendly materials and processes, influencing competitive advantages among leading countries.
Top countries in Top Exporters of Millstones, Grinding Stones and Grinding Wheels
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 696.21 | 2016 | |
| 2 | 2 Germany | 616.33 | 2016 | |
| 3 | 3 Japan | 492.25 | 2016 | |
| 4 | 4 Italy | 316.23 | 2016 | |
| 5 | 5 United States | 239.66 | 2016 | |
| 6 | 6 Switzerland | 162.28 | 2016 | |
| 7 | 7 South Korea | 154.67 | 2016 | |
| 8 | 8 Netherlands | 110.89 | 2016 | |
| 9 | 9 Poland | 106.76 | 2016 | |
| 10 | 10 Spain | 72.06 | 2016 |
