China: Ecg Market 2025

Ecg Market Size in China

After four years of growth, the Chinese ECG market decreased by -6.8% to $X in 2021. Over the period under review, consumption, however, continues to indicate a buoyant increase. Consumption peaked at $X in 2020, and then contracted in the following year.

Ecg Production in China

In value terms, ECG production contracted to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Ecg Exports

Exports from China

In 2021, approx. X units of electro-cardiographs were exported from China; which is down by -1.8% against the previous year. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, ECG exports soared to $X in 2021. In general, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units), India (X units) and Turkey (X units) were the main destinations of ECG exports from China, together accounting for 18% of total exports. Germany, Italy, France, Pakistan, the Netherlands, Mexico, Brazil, Egypt, Finland and Colombia lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ECG exported from China were the United States ($X), India ($X) and Germany ($X), with a combined 33% share of total exports. Italy, Brazil, the Netherlands, France, Turkey, Mexico, Finland, Colombia, Egypt and Pakistan lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Finland, with a CAGR of +69.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ECG export price amounted to $X per unit, surging by 19% against the previous year. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ecg Imports

Imports into China

In 2021, approx. X units of electro-cardiographs were imported into China; rising by 33% against the previous year. In general, imports, however, saw a noticeable slump. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ECG imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest supplier of ECG to China, accounting for a 44% share of total imports. Moreover, ECG imports from Canada exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was held by India (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.9% per year) and India (+10.5% per year).

In value terms, Canada ($X) constituted the largest supplier of electro-cardiographs to China, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Singapore, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.9% per year) and Singapore (+49.3% per year).

Import Prices by Country

In 2021, the average ECG import price amounted to $X per unit, which is down by -8.5% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ECG import price increased by +72.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 89%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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