China: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in China

In 2022, the Chinese market for turbo, rotary and reciporating displacement compressors decreased by -3.1% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Turbo, Rotary and Reciporating Displacement Compressors in China

In value terms, production of turbo, rotary and reciporating displacement compressors rose slightly to $X in 2022 estimated in export price. In general, production, however, showed perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 309%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from China

In 2022, after four years of growth, there was significant decline in overseas shipments of turbo, rotary and reciporating displacement compressors, when their volume decreased by -15.5% to X units. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +48.6% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of X units, and then declined remarkably in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors contracted modestly to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

Japan (X units), the United States (X units) and Germany (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from China, with a combined 40% share of total exports. Indonesia, India, South Korea, the UK, Vietnam, the Netherlands, Russia, Thailand, Pakistan and Brazil lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from China were the United States ($X), Russia ($X) and Japan ($X), together accounting for 35% of total exports.

Russia, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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 turbo, rotary and reciporating displacement compressors amounted to $X per unit, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2021 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Japan ($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 Russia (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into China

Imports of turbo, rotary and reciporating displacement compressors into China shrank modestly to X units in 2022, remaining stable against the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 32%. Over the period under review, imports of reached the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. In general, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 when imports increased by 37% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Japan (X units) and Brazil (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to China, together comprising 34% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to China were Germany ($X), Japan ($X) and the United States ($X), together comprising 57% of total imports. Brazil, Italy, South Korea, India, the UK, Thailand, Austria and Poland lagged somewhat behind, together comprising a further 21%.

Brazil, with a CAGR of +45.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, which is down by -13.2% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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