China: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in China

In 2022, after ten years of growth, there was significant decline in the Chinese mechano-therapy appliances market, when its value decreased by -93.4% to $X. In general, consumption continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when the market value increased by 1.6%. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Mechano-Therapy Appliances Production in China

In value terms, mechano-therapy appliances production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, faced a deep setback. Mechano-therapy appliances production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mechano-Therapy Appliances Exports

Exports from China

For the eleventh consecutive year, China recorded growth in shipments abroad of mechano-therapy appliances and massage apparatus, which increased by 100% to X units in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechano-therapy appliances exports shrank sharply to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 46%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for mechano-therapy appliances exports from China, with a 32% share of total exports. Moreover, mechano-therapy appliances exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. Japan (X units) ranked third in terms of total exports with a 7.2% share.

From 2020 to 2022, the average annual growth rate of volume to the United States amounted to +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+102.3% per year) and Japan (+94.9% per year).

In value terms, the United States ($X) remains the key foreign market for mechano-therapy appliances and massage apparatus exports from China, comprising 31% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total exports. It was followed by Japan, with a 7% share.

From 2020 to 2022, the average annual growth rate of value to the United States amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-5.2% per year) and Japan (+5.9% per year).

Export Prices by Country

The average mechano-therapy appliances export price stood at $X per unit in 2022, with a decrease of -60.6% against the previous year. In general, the export price continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2021 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-13.3%), while the prices for the other major destinations experienced a decline.

Mechano-Therapy Appliances Imports

Imports into China

In 2022, mechano-therapy appliances imports into China shrank to X units, declining by -13.8% against the previous year. Over the period under review, imports showed a significant contraction. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mechano-therapy appliances imports skyrocketed to $X in 2022. Overall, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2017 when imports increased by 69%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest mechano-therapy appliances supplier to China, with a 15% share of total imports. Moreover, mechano-therapy appliances imports from Japan exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 3.4% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from Japan amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.5% per year) and Germany (-50.6% per year).

In value terms, Japan ($X), Sweden ($X) and Germany ($X) were the largest mechano-therapy appliances suppliers to China, with a combined 37% share of total imports.

Sweden, with a CAGR of +38.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mechano-therapy appliances import price amounted to $X per unit, growing by 50% against the previous year. Overall, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+361.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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