China: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in China

The Chinese market for mechanical appliances for projecting, dispersing or spraying was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption saw a moderate increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in China

In value terms, production of mechanical appliances for projecting, dispersing or spraying stood at $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 106% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from China

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -18.8% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 70% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying shrank to $X in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Russia (X units), the United States (X units) and India (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from China, together accounting for 26% of total exports. Turkey, Indonesia, the United Arab Emirates, Italy, the Netherlands, South Korea, Vietnam, Brazil, Egypt and Mexico lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from China, comprising 24% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.3% share of total exports. It was followed by Mexico, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.4% per year) and Mexico (+18.6% per year).

Export Prices by Country

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, increasing by 13% against the previous year. In general, the export price, however, saw a deep slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 United States ($X per unit), while the average price for exports to Egypt ($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 States (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into China

In 2022, imports of mechanical appliances for projecting, dispersing or spraying into China dropped to X units, declining by -10.7% on the previous year. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 19% against the previous year. Over the period under review, imports of attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell markedly to $X in 2022. Over the period under review, imports saw a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to China, with a 61% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Japan (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and Japan (-18.2% per year).

In value terms, the largest mechanical appliances for projecting, dispersing or spraying suppliers to China were Germany ($X), the United States ($X) and South Korea ($X), together accounting for 54% of total imports. Japan, Italy, Denmark, France, the UK and Sweden lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Italy, with a CAGR of +6.3%, 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 mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, falling by -14.6% against the previous year. Overall, the import price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 67%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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