Product intelligence · HS 846420 · 2024 data

Machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass

Global exports of machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass totalled $924,627,960 in 2024, a -2.3% change from the previous year. Traded by 139 countries across 2,433 bilateral corridors, with demand from 194 importing markets. The long-term trend is declining.

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

Global trade

$924.6M

-2.3% YoY

3Y / 5Y CAGR

-5.2%

5Y: -2.3%

Supply structure

Moderately concentrated

HHI 0.155

Volatility

Low

Score 2/100

1.

Market movement

In 2024, machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass trade exhibited slight decline, with global flows reaching $924,627,960 and a three-year compound annual growth rate of -5.2% (five-year: -2.3%). The all-time peak of $1,972,755,200 was recorded in 2006; the current level is 53% below that high-water mark.

Over the 30-year observation window (19952024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-3.6% acceleration).

The World Trade Flows Characterization classifies machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.155). The three largest exporters — China ($258.6M), Italy ($206.0M), and Germany ($114.7M) — collectively dominate supply flows. The leading exporter has grown at +6.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.047). The three largest import markets are United States ($123.8M), China ($101.3M), and Germany ($56.7M). The largest importing market sources from 41 different supplying countries.

The dominant trade corridor is Italy → United States at $47.6M, representing 38.4% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass is 2 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, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

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

Historical evidence

Annual trade value 19952024

Peak: $1,972,755,200 in 2006. Currently 53% below peak.

YearGlobal trade (USD)YoY growth
2015$806,223,701-25.4%
2016$745,888,815-7.5%
2017$882,293,576+18.3%
2018$990,980,812+12.3%
2019$1,041,247,858+5.1%
2020$908,434,031-12.8%
2021$1,084,045,427+19.3%
2022$977,611,107-9.8%
2023$946,001,450-3.2%
2024$924,627,960-2.3%

Top exporting countries

Ranked by export value of machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass in 2024.

View all 139 exporters →

Top importing markets

Largest import destinations for machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass.

View all 194 markets →

Leading trade corridors

Largest bilateral export flows for machine-tools: grinding or polishing machines, for working stone, ceramics, concrete, asbestos-cement or like mineral materials or for cold working glass, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ItalyUnited States$47.6M+9.9%
2GermanyChina$34.4M-14.3%
3ChinaIndia$25.1M-21.0%
4ChinaVietnam$21.8M+13.4%
5ChinaTürkiye$21.3M+19.2%
6JapanChina$21.0M-35.9%
7ChinaRussia$19.6M+58.3%
8South KoreaChina$18.0M-40.9%

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.