China: Pile-Driver Market 2024

Pile-Driver Market Size in China

The Chinese pile-driver market contracted to $X in 2021, falling by -7.1% against the previous year. In general, consumption recorded a pronounced setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Pile-Driver Production in China

In value terms, pile-driver production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a slight decline. The growth pace was the most rapid in 2015 when the production volume increased by 9.6% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Pile-Driver Exports

Exports from China

For the third year in a row, China recorded growth in shipments abroad of pile-drivers and pile-extractors, which increased by 87% to X units in 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pile-driver exports skyrocketed to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -29.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for pile-driver exports from China, with a 53% share of total exports. Moreover, pile-driver exports to the United States exceeded the volume sent to the second major destination, Canada (X units), fivefold. Russia (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+131.3% per year) and Russia (+28.7% per year).

In value terms, South Korea ($X), Vietnam ($X) and the United States ($X) appeared to be the largest markets for pile-driver exported from China worldwide, together accounting for 45% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +150.6%, 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 pile-driver export price amounted to $X per unit, dropping by -29.5% against the previous year. Over the period under review, the export price faced a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Canada ($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 Vietnam (+0.9%), while the prices for the other major destinations experienced a decline.

Pile-Driver Imports

Imports into China

In 2021, overseas purchases of pile-drivers and pile-extractors decreased by -47.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 341%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, pile-driver imports dropped markedly to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 145% against the previous year. Imports peaked at $X in 2020, and then reduced notably in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of pile-driver to China, with a 89% share of total imports. Moreover, pile-driver imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +56.9%.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and the United States ($X) constituted the largest pile-driver suppliers to China, with a combined 12% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +89.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average pile-driver import price amounted to $X per unit, dropping by -16.3% against the previous year. Overall, the import price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 406% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($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 Netherlands (-6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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