China: Transport Container Market 2024

Transport Container Market Size in China

The Chinese transport container market fell significantly to $X in 2022, shrinking by -90.5% against the previous year. Over the period under review, consumption saw a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Transport Container Production in China

In value terms, transport container production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 56% against the previous year. Transport container production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Transport Container Exports

Exports from China

In 2022, approx. X units of transport containers were exported from China; waning by -22.8% compared with 2021. Overall, exports, however, posted a measured increase. The growth pace was the most rapid in 2021 with an increase of 138%. As a result, the exports reached the peak of X units, and then contracted sharply in the following year.

In value terms, transport container exports dropped markedly to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 218% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Japan (X units), the United States (X units) and Switzerland (X units) were the main destinations of transport container exports from China, with a combined 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for transport containers exports from China, comprising 17% of total exports. The second position in the ranking was taken by Denmark ($X), with a 6.3% share of total exports. It was followed by Singapore, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-3.1% per year) and Singapore (+11.1% per year).

Export Prices by Country

In 2022, the average transport container export price amounted to $X per unit, which is down by -18.8% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transport container export price increased by +42.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Japan ($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 France (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports

Imports into China

In 2022, the amount of transport containers imported into China surged to X units, growing by 43% on the previous year's figure. Over the period under review, imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of 79%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, transport container imports reached $X in 2022. Overall, imports, however, showed a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X units), the United States (X units) and South Korea (X units) were the main suppliers of transport container imports to China, with a combined 14% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of transport containers to China, comprising 15% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.3% share of total imports. It was followed by South Korea, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.1% per year) and South Korea (-25.2% per year).

Import Prices by Country

The average transport container import price stood at $X per unit in 2022, waning by -29.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 87% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 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 South Korea ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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