China: Bar Draw-Bench Market 2024

Bar Draw-Bench Market Size in China

The Chinese bar draw-bench market dropped remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption showed a deep setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Bar Draw-Bench Production in China

In value terms, bar draw-bench production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Bar Draw-Bench Exports

Exports from China

In 2022, approx. X units of draw-benches for bars, tubes, profiles, wire or the like were exported from China; with an increase of X% against the previous year's figure. In general, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bar draw-bench exports skyrocketed to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X units), Vietnam (X units) and Russia (X units) were the main destinations of bar draw-bench exports from China, together accounting for X% of total exports. Thailand, Indonesia, Pakistan, Egypt, Japan, the United States, Kyrgyzstan, Ethiopia, Iraq and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for bar draw-bench exported from China were India ($X), Vietnam ($X) and Russia ($X), with a combined X% share of total exports. Indonesia, Thailand, Malaysia, Pakistan, Japan, Egypt, the United States, Ethiopia, Iraq and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 bar draw-bench export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bar Draw-Bench Imports

Imports into China

In 2022, supplies from abroad of draw-benches for bars, tubes, profiles, wire or the like increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bar draw-bench imports skyrocketed to $X in 2022. In general, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of bar draw-bench imports to China, together accounting for X% of total imports. Taiwan (Chinese), Japan, Brazil, Denmark and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of draw-benches for bars, tubes, profiles, wire or the like to China, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average bar draw-bench import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Brazil ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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