Product intelligence · HS 846023 · 2024 data

Machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled

Global exports of machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled totalled $944,678,891 in 2024, a +12.4% change from the previous year. Traded by 101 countries across 805 bilateral corridors, with demand from 138 importing markets. The long-term trend is rapid growth.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$944.7M

+12.4% YoY

3Y / 5Y CAGR

+11.1%

5Y: +0.6%

Supply structure

Diversified

HHI 0.140

Volatility

Low

Score 14/100

1.

Market movement

In 2024, machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled trade exhibited strong growth, with global flows reaching $944,678,891 and a three-year compound annual growth rate of +11.1% (five-year: +0.6%). The all-time peak of $1,123,122,502 was recorded in 2012; the current level is 16% below that high-water mark.

Over the 30-year observation window (19952024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+11.4% acceleration).

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.140). The three largest exporters — Germany ($264.4M), Switzerland ($198.2M), and Italy ($107.2M) — collectively dominate supply flows. The leading exporter has grown at +14.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.093). The three largest import markets are China ($186.5M), United States ($139.4M), and Germany ($128.6M). The largest importing market sources from 26 different supplying countries.

The dominant trade corridor is Czechia → Germany at $61.9M, representing 48.1% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled is 14 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $1,123,122,502 in 2012. Currently 16% below peak.

YearGlobal trade (USD)YoY growth
2015$826,461,611-15.4%
2016$749,455,825-9.3%
2017$783,070,242+4.5%
2018$957,197,671+22.2%
2019$916,159,368-4.3%
2020$637,719,154-30.4%
2021$689,666,564+8.1%
2022$670,208,524-2.8%
2023$840,567,820+25.4%
2024$944,678,891+12.4%

Top exporting countries

Ranked by export value of machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled in 2024.

View all 101 exporters →

Top importing markets

Largest import destinations for machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled.

View all 138 markets →

Leading trade corridors

Largest bilateral export flows for machine-tools: cylindrical grinding machines (excluding flat-surface and centreless), numerically controlled, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1CzechiaGermany$61.9M+17.5%
2GermanyChina$54.6M+0.4%
3GermanyUnited States$53.1M+60.9%
4SwitzerlandGermany$50.2M+11.4%
5SwitzerlandUnited States$37.0M+21.5%
6GermanyIndia$27.2M+77.7%
7JapanChina$25.2M-20.9%
8SpainChina$22.5M+5.0%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.