China: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in China

In 2021, the Chinese market for equipment for scaffolding, shuttering, propping or pit propping decreased by -2.3% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in China

In value terms, scaffolding, shuttering, and propping equipment production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18%. Scaffolding, shuttering, and propping equipment production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from China

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were exported from China; increasing by 8.9% against the previous year. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and Australia (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from China, with a combined 28% share of total exports. These countries were followed by the UK, Thailand, Canada, Singapore, Indonesia, the Philippines, South Korea, Germany, Poland and New Zealand, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from China were the United States ($X), Japan ($X) and Australia ($X), together accounting for 28% of total exports. These countries were followed by the UK, Thailand, Singapore, Canada, Germany, the Philippines, Indonesia, South Korea, Poland and New Zealand, which together accounted for a further 30%.

In terms of the main countries of destination, Poland, with a CAGR of +24.8%, 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 export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, growing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2016 when the average export price increased by 19%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into China

In 2021, imports of equipment for scaffolding, shuttering, propping or pit propping into China skyrocketed to X tons, increasing by 84% against 2020. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 110%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 194%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Cambodia (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to China, together accounting for 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +157.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to China were Germany ($X), the United States ($X) and Vietnam ($X), with a combined 35% share of total imports. Cambodia, Austria, South Korea, Malaysia and Japan lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Cambodia, with a CAGR of +162.3%, saw the highest rates of growth with regard to the value of imports, 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 equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 157% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :