China: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in China

In 2022, the Chinese market for fully or partly automatic electric machines for arc welding of metals decreased by -29.5% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in China

In value terms, production of fully or partly automatic electric machines for arc welding of metals contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 17% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from China

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported from China; with an increase of 33% against 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 95%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals dropped to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 74% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from China, accounting for a 16% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to the United States exceeded the volume sent to the second major destination, India (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+28.8% per year) and Vietnam (+34.6% per year).

In value terms, the largest markets for fully or partly automatic arc welding machine exported from China were the United States ($X), Japan ($X) and Russia ($X), together comprising 32% of total exports.

Japan, with a CAGR of +56.5%, 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 export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, reducing by -29.3% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United Arab Emirates ($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 Japan (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into China

For the third consecutive year, China recorded decline in overseas purchases of fully or partly automatic electric machines for arc welding of metals, which decreased by -20.8% to X units in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 63% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals dropped to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X units), Germany (X units) and France (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to China, with a combined 62% share of total imports. South Korea, Denmark, the United States, the United Arab Emirates, Canada, Japan, Switzerland and Poland lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Japan ($X) constituted the largest fully or partly automatic arc welding machine suppliers to China, together accounting for 71% of total imports. South Korea, France, the United States, Canada, Switzerland, Denmark, Poland and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

The United Arab Emirates, with a CAGR of +33.9%, recorded the highest growth rate of the value of imports, in terms of 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 import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, surging by 9.9% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the United Arab Emirates ($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 (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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