China: Keyboards Market 2024

Keyboards Market Size in China

The Chinese keyboards market soared to $X in 2022, rising by 354% against the previous year. Overall, consumption posted significant growth. Keyboards consumption peaked in 2022 and is likely to see steady growth in years to come.

Keyboards Production in China

In value terms, keyboards production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Keyboards Exports

Exports from China

In 2022, after two years of growth, there was significant decline in overseas shipments of keyboards, when their volume decreased by -26.3% to X units. In general, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, keyboards exports contracted markedly to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for keyboards exports from China, accounting for a 17% share of total exports. Moreover, keyboards exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was held by India (X units), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-2.3% per year) and India (+3.8% per year).

In value terms, the United States ($X) remains the key foreign market for keyboards exports from China, comprising 25% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.6% share of total exports. It was followed by Japan, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+4.1% per year) and Japan (+5.5% per year).

Export Prices by Country

The average keyboards export price stood at $X per unit in 2022, rising by 12% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards export price increased by +55.7% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 25% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 South Korea (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into China

In 2022, the amount of keyboards imported into China skyrocketed to X units, rising by 76% on the year before. Overall, imports showed a slight expansion. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, keyboards imports surged to $X in 2022. In general, imports posted a slight increase. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest keyboards supplier to China, accounting for a 48% share of total imports. Moreover, keyboards imports from Japan exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-8.2% per year) and South Korea (-22.9% per year).

In value terms, Japan ($X) constituted the largest supplier of keyboards to China, comprising 24% of total imports. The second position in the ranking was held by Vietnam ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-10.8% per year) and South Korea (-25.5% per year).

Import Prices by Country

The average keyboards import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 23%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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