China: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in China

In 2022, the Chinese market for machine-tools for working stone, ceramics, and concrete decreased by -17% to $X, falling for the third consecutive year after six years of growth. Overall, consumption, however, recorded a pronounced expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in China

In value terms, machine tools for working stone production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 304%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from China

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete increased by 14% to X units, rising for the fourth consecutive year after five years of decline. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 60%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, machine tools for working stone exports expanded sharply to $X in 2022. Over the period under review, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +31.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 50%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Russia (X units) and Poland (X units) were the main destinations of machine tools for working stone exports from China, with a combined 38% share of total exports. Mexico, Germany, France, the UK, Canada, India, Pakistan, Australia, Malaysia and the United Arab Emirates lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +35.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from China were the United States ($X), India ($X) and Russia ($X), with a combined 30% share of total exports. Canada, Australia, Mexico, France, Germany, Poland, the United Arab Emirates, Malaysia, the UK and Pakistan lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Pakistan, with a CAGR of +17.0%, recorded the highest rates of growth with regard to 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 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, falling by -3.5% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Poland ($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 the United Arab Emirates (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into China

In 2022, machine tools for working stone imports into China shrank to X units, falling by -7.6% compared with 2021. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports rose modestly to $X in 2022. Over the period under review, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 46% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and the United States (X units) were the main suppliers of machine tools for working stone imports to China, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +11.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Japan ($X) and Italy ($X) were the largest machine tools for working stone suppliers to China, with a combined 74% share of total imports.

Among the main suppliers, Germany, with a CAGR of +13.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, growing by 12% against the previous year. In general, the import price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 66% against the previous year. Over the period under review, average import prices hit record highs 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 Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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