China: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in China

The Chinese electric brazing machine market declined markedly to $X in 2022, falling by -29.2% against the previous year. In general, consumption continues to indicate a mild contraction. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Brazing Machine Production in China

In value terms, electric brazing machine production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. Electric brazing machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Brazing Machine Exports

Exports from China

In 2022, shipments abroad of electric brazing or soldering machines and apparatus increased by 27% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 124%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, electric brazing machine exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for electric brazing machine exports from China, with a 18% share of total exports. Moreover, electric brazing machine exports to the United States exceeded the volume sent to the second major destination, India (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+35.7% per year) and Vietnam (+30.0% per year).

In value terms, the largest markets for electric brazing machine exported from China were Vietnam ($X), the United States ($X) and the UK ($X), with a combined 40% share of total exports. Mexico, India, Thailand, Indonesia, Russia, Japan, Germany, Belgium, Poland and the Philippines lagged somewhat behind, together comprising a further 36%.

Belgium, with a CAGR of +82.0%, saw 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 electric brazing machine export price amounted to $X per unit, declining by -3.9% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the Philippines ($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 (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Brazing Machine Imports

Imports into China

In 2022, purchases abroad of electric brazing or soldering machines and apparatus increased by 0.6% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric brazing machine imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 45%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest electric brazing machine supplier to China, accounting for a 76% share of total imports. Moreover, electric brazing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold. South Korea (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-6.9% per year) and South Korea (-11.3% per year).

In value terms, Germany ($X) constituted the largest supplier of electric brazing or soldering machines and apparatus to China, comprising 60% of total imports. The second position in the ranking was held by Japan ($X), with a 9.8% share of total imports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.7% per year) and Singapore (-3.9% per year).

Import Prices by Country

In 2022, the average electric brazing machine import price amounted to $X per unit, dropping by -3.8% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric brazing machine import price decreased by -9.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+54.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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