China: Twig Broom Market 2024

Twig Broom Market Size in China

In 2021, after two years of growth, there was decline in the Chinese twig broom market, when its value decreased by -2.1% to $X. The market value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Twig Broom Production in China

In value terms, twig broom production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of 14%. Twig broom production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Twig Broom Exports

Exports from China

In 2021, after three years of growth, there was significant decline in shipments abroad of brooms and brushes of twigs, when their volume decreased by -8.5% to X units. Overall, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when exports increased by 54% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, twig broom exports dropped modestly to $X in 2021. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for twig broom exports from China, accounting for a 43% share of total exports. Moreover, twig broom exports to Japan exceeded the volume sent to the second major destination, South Korea (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.1% per year) and Taiwan (Chinese) (-3.8% per year).

In value terms, Japan ($X) remains the key foreign market for brooms and brushes of twigs exports from China, comprising 44% of total exports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.9% per year) and Taiwan (Chinese) (-2.6% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, growing by 6.7% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, twig broom export price increased by +10.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 37%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into China

For the fourth consecutive year, China recorded growth in supplies from abroad of brooms and brushes of twigs, which increased by 32% to X units in 2021. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 98%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, twig broom imports dropped to $X in 2021. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 76%. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

Sri Lanka (X units), Indonesia (X units) and Myanmar (X units) were the main suppliers of twig broom imports to China, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), India ($X) and Sri Lanka ($X) constituted the largest twig broom suppliers to China, together accounting for 83% of total imports.

India, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average twig broom import price amounted to $X per unit, with a decrease of -33.3% against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2017 when the average import price increased by 116%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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