China: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in China

In 2022, the Chinese chain scoops and sliders market decreased by -13.1% to $X, falling for the third year in a row after three years of growth. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in China

In value terms, chain scoops and sliders production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 32%. Chain scoops and sliders production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from China

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were exported from China; growing by 12% compared with 2021 figures. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chain scoops and sliders exports surged to $X in 2022. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for chain scoops and sliders exports from China, with a 18% share of total exports. Moreover, chain scoops and sliders exports to Turkey exceeded the volume sent to the second major destination, India (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1.4% per year) and Vietnam (+16.9% per year).

In value terms, the largest markets for chain scoops and sliders exported from China were Turkey ($X), Vietnam ($X) and Bangladesh ($X), with a combined 29% share of total exports. India, Cambodia, Indonesia, Brazil, Mexico, Russia, Egypt, Colombia, Poland and Pakistan lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Cambodia, with a CAGR of +64.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, growing by 8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 19%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into China

In 2022, imports of chain scoops, sliders, runners, end pieces and narrow strips into China contracted slightly to X tons, remaining relatively unchanged against 2021. Over the period under review, imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, chain scoops and sliders imports rose markedly to $X in 2022. In general, imports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of chain scoops and sliders to China, accounting for a 51% share of total imports. Moreover, chain scoops and sliders imports from Japan exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.5% per year) and South Korea (-13.5% per year).

In value terms, Japan ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to China, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total imports. It was followed by Vietnam, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.5% per year) and Vietnam (+47.1% per year).

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, rising by 7.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :