China: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in China

After two years of decline, the Chinese non-electronic hydro- and hygrometers market increased by 0.8% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in China

In value terms, non-electronic hydro- and hygrometers production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 34%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from China

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers increased by 80% to X units, rising for the third year in a row after two years of decline. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 141% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 34%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of non-electronic hydro- and hygrometers exports from China, with a combined 5.3% share of total exports. The United Arab Emirates, the Netherlands, Belgium, the UK, Japan, Australia, France, Poland, Sweden and Mexico lagged somewhat behind, together accounting for a further 2.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +14.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest markets for non-electronic hydro- and hygrometers exported from China worldwide, together accounting for 46% of total exports. The Netherlands, Canada, the UK, Australia, France, Poland, Sweden, Belgium, Mexico and the United Arab Emirates lagged somewhat behind, together accounting for a further 17%.

Mexico, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 non-electronic hydro- and hygrometers export price amounted to $X per unit, dropping by -30.7% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, 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 Japan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into China

In 2021, the amount of non-electronic hydro-, hygro-, psychrometers imported into China skyrocketed to X units, picking up by 24% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 99%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 95%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest non-electronic hydro- and hygrometers supplier to China, accounting for a 16% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was held by Germany (X units), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+101.1% per year) and Germany (-10.4% per year).

In value terms, the Philippines ($X), Finland ($X) and Germany ($X) constituted the largest non-electronic hydro- and hygrometers suppliers to China, with a combined 35% share of total imports. These countries were followed by the United States, South Korea, Japan, France, Thailand, the UK, Switzerland and Indonesia, which together accounted for a further 31%.

In terms of the main suppliers, Thailand, with a CAGR of +106.5%, recorded the highest growth rate of 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

In 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, growing by 31% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers import price increased by +126.7% against 2012 indices. 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 the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :