China: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in China

In 2021, the Chinese non-hydraulic press market increased by 6.1% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 8.3% against the previous year. Non-hydraulic press consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Hydraulic Press Production in China

In value terms, non-hydraulic press production rose rapidly to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Hydraulic Press Exports

Exports from China

In 2021, after two years of decline, there was significant growth in overseas shipments of non-hydraulic presses for working metal, when their volume increased by 19% to X units. In general, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2016 when exports increased by 104%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, non-hydraulic press exports soared to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-hydraulic press exports from China, with a 21% share of total exports. Moreover, non-hydraulic press exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. Poland (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.7% per year) and Poland (+66.2% per year).

In value terms, the largest markets for non-hydraulic press exported from China were India ($X), South Africa ($X) and the United States ($X), together comprising 36% of total exports. Vietnam, Mexico, Thailand, Germany, Japan, Poland, the UK, Australia, Canada and Chile lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +46.1%, saw the highest growth rate of the value of exports, in terms of 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-hydraulic press export price amounted to $X per unit, surging by 18% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-hydraulic press export price increased by +92.1% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Chile ($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 Mexico (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into China

In 2021, purchases abroad of non-hydraulic presses for working metal increased by 60% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-hydraulic press imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main suppliers of non-hydraulic press imports to China, with a combined 82% share of total imports. These countries were followed by Germany, Switzerland, the United States and Singapore, which together accounted for a further 6%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +12.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of non-hydraulic presses for working metal to China, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and South Korea (-6.7% per year).

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-hydraulic press import price decreased by -21.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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