China: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in China

The Chinese market for parts of apparatus of hs contracted to $X in 2021, waning by -11.5% against the previous year. Over the period under review, consumption, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 when the market value increased by 1.5%. Parts of apparatus of hs consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Apparatus Of Hs in China

In value terms, parts of apparatus of hs production shrank markedly to $X in 2021 estimated in export price. Overall, production recorded pronounced growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 116%. Over the period under review, production hit record highs at $X in 2020, and then reduced sharply in the following year.

Exports of Parts Of Apparatus Of Hs

Exports from China

In 2021, exports of parts of apparatus of hs from China skyrocketed to X units, increasing by 15% compared with the previous year's figure. In general, exports posted prominent growth. The growth pace was the most rapid in 2019 with an increase of 3,757% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, parts of apparatus of hs exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for parts of apparatus of hs exports from China, with a 13% share of total exports. Moreover, parts of apparatus of hs exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+24.5% per year) and Hong Kong SAR (-0.3% per year).

In value terms, the United States ($X), Hong Kong SAR ($X) and Vietnam ($X) were the largest markets for parts of apparatus of hs exported from China worldwide, together comprising 40% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +17.9%, saw 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 2021, the average export price for parts of apparatus of hs amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 3,833%. 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 country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Indonesia ($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 the United Arab Emirates (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Apparatus Of Hs

Imports into China

After two years of decline, supplies from abroad of parts of apparatus of hs increased by 3.2% to X units in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 67,983%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, parts of apparatus of hs imports declined rapidly to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) was the main parts of apparatus of hs supplier to China, with a 105% share of total imports. Moreover, parts of apparatus of hs imports from Vietnam exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. Mexico (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+49.1% per year) and Mexico (-0.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of parts of apparatus of hs to China, comprising 81% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+47.2% per year) and Malaysia (+3.5% per year).

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, which is down by -23.7% against the previous year. Over the period under review, the import price saw a precipitous contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 86,745% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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, the country with the highest price was Malaysia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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