China: Hand Sieve Market 2024

Hand Sieve Market Size in China

After three years of decline, the Chinese hand sieve market increased by 16% to $X in 2022. In general, consumption, however, continues to indicate a abrupt setback. Hand sieve consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hand Sieve Production in China

In value terms, hand sieve production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hand Sieve Exports

Exports from China

After five years of growth, overseas shipments of hand sieves and hand riddles decreased by -21.8% to X units in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 165% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, hand sieve exports reduced dramatically to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 113% against the previous year. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Japan (X units), the United Arab Emirates (X units) and Germany (X units) were the main destinations of hand sieve exports from China, together accounting for 35% of total exports. Russia, Brazil, Ghana, the United States, Egypt, Italy, the UK, South Korea, Peru and Iraq lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +10,304.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Russia ($X) were the largest markets for hand sieve exported from China worldwide, together comprising 35% of total exports. The United Arab Emirates, the United States, the UK, Brazil, Egypt, South Korea, Italy, Peru, Ghana and Iraq lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Ghana, with a CAGR of +13,528.7%, saw 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

The average hand sieve export price stood at $X per unit in 2022, dropping by -7.8% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Ghana ($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 Ghana (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Sieve Imports

Imports into China

In 2022, purchases abroad of hand sieves and hand riddles decreased by -64.7% to X units, falling for the fifth consecutive year after six years of growth. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 89%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand sieve imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Japan (X units) was the main supplier of hand sieve to China, accounting for a 91% share of total imports. Moreover, hand sieve imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.9% per year) and the United States (-36.2% per year).

In value terms, Japan ($X) constituted the largest supplier of hand sieves and hand riddles to China, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and South Korea (+16.0% per year).

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, with an increase of 42% against the previous year. Overall, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 539%. Over the period under review, average import prices reached the maximum 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 the United States ($X per unit), while the price for Japan ($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 United States (+54.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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