China: Computing Machinery Market 2024

Computing Machinery Market Size in China

In 2021, the Chinese computing machinery market decreased by -37.5% to $X, falling for the fifth year in a row after five years of growth. In general, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Computing Machinery Production in China

In value terms, computing machinery production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Computing Machinery Exports

Exports from China

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 9.5% to X tons, rising for the fifth consecutive year after four years of decline. In general, exports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of 26%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; 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 tons) was the main destination for computing machinery exports from China, accounting for a 16% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-11.7% per year) and Japan (-3.3% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from China, comprising 23% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9.3% share of total exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-7.5% per year) and Germany (+5.3% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, surging by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into China

In 2021, overseas purchases of computing machinery and parts and accessories thereof were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 20%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of computing machinery imports to China, together accounting for 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest computing machinery suppliers to China were Taiwan (Chinese) ($X), South Korea ($X) and Thailand ($X), together comprising 52% of total imports. These countries were followed by Hong Kong SAR, the Philippines, Japan, Vietnam and Malaysia, which together accounted for a further 32%.

Hong Kong SAR, with a CAGR of +53.9%, recorded 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

The average computing machinery import price stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 40%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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