China: Ball Market 2024

Ball Market Size in China

The Chinese ball market reduced to $X in 2022, shrinking by -14.1% against the previous year. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ball Production in China

In value terms, ball production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ball Exports

Exports from China

In 2022, approx. X units of balls were exported from China; increasing by 29% on the previous year. In general, exports showed a slight increase. The pace of growth was the most pronounced in 2018 when exports increased by 279% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ball exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for ball exports from China, with a 23% share of total exports. Moreover, ball exports to the United States exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+15.2% per year) and Vietnam (+22.7% per year).

In value terms, the United States ($X) remains the key foreign market for balls exports from China, comprising 29% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.8% share of total exports. It was followed by Malaysia, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.7% per year) and Malaysia (+3.5% per year).

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, growing by 7.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 165%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into China

In 2022, the amount of balls imported into China surged to X units, rising by 45% against the previous year. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 94% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ball imports expanded significantly to $X in 2022. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 50%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest ball supplier to China, accounting for a 37% share of total imports. Moreover, ball imports from Thailand exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The Philippines (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.4% per year) and the Philippines (+0.9% per year).

In value terms, the largest ball suppliers to China were Thailand ($X), Pakistan ($X) and the Philippines ($X), with a combined 72% share of total imports. Vietnam, Japan and Cambodia lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +27.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball import price stood at $X per unit in 2022, waning by -27.6% against the previous year. Over the period under review, the import price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 91% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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