China: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in China

For the third year in a row, the Chinese market for instrument panel and wall clocks recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in China

In value terms, instrument panel and wall clock production dropped to $X in 2020 estimated in export prices. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Instrument panel and wall clock production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from China

In 2020, approx. X tons of instrument panel and wall clocks were exported from China; increasing by X% on the year before. Overall, exports posted a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, instrument panel and wall clock exports stood at $X in 2020. In general, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The United States (X tons) was the main destination for instrument panel and wall clock exports from China, accounting for a X% share of total exports. Moreover, instrument panel and wall clock exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

In value terms, the United States ($X) remains the key foreign market for instrument panel and wall clock exports from China, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, declining by -X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2016 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to France ($X per ton) and the UK ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into China

In 2020, supplies from abroad of instrument panel and wall clocks increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports saw a measured expansion. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock imports stood at $X in 2020. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Thailand (X tons) was the main supplier of instrument panel and wall clock to China, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Germany ($X), Switzerland ($X) and the Philippines ($X) were the largest instrument panel and wall clock suppliers to China, with a combined X% share of total imports. Belarus, Japan, Thailand, the United States, Vietnam, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further X terms of the main suppliers, Belarus (+X% per year) saw 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 import price for instrument panel and wall clocks stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2019, and then declined remarkably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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