China: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in China

The Chinese scrapers excavator market contracted significantly to $X in 2022, dropping by -15.1% against the previous year. Overall, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Scrapers Excavator Production in China

In value terms, scrapers excavator production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The growth pace was the most rapid in 2013 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Scrapers Excavator Exports

Exports from China

In 2022, approx. X units of scrapers earth moving, excavating, extracting machinery (not self-propelled) were exported from China; jumping by 65% against the year before. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, scrapers excavator exports surged to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Australia (X units) and Canada (X units) were the main destinations of scrapers excavator exports from China, with a combined 45% share of total exports. India, Germany, Russia, Vietnam, Nigeria, the Philippines, Argentina, Thailand, Kazakhstan and Poland lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +58.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from China, comprising 40% of total exports. The second position in the ranking was held by Canada ($X), with a 5.6% share of total exports. It was followed by Russia, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+23.8% per year) and Russia (+3.8% per year).

Export Prices by Country

In 2022, the average scrapers excavator export price amounted to $X per unit, declining by -24.5% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-7.6%), while the prices for the other major destinations experienced a decline.

Scrapers Excavator Imports

Imports into China

In 2022, the amount of scrapers earth moving, excavating, extracting machinery (not self-propelled) imported into China shrank rapidly to X units, falling by -33.4% against the previous year's figure. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by 211% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, scrapers excavator imports contracted sharply to $X in 2022. In general, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 when imports increased by 215%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of scrapers excavator to China, accounting for a 39% share of total imports. Moreover, scrapers excavator imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.5% per year) and the United Arab Emirates (+107.1% per year).

In value terms, the largest scrapers excavator suppliers to China were the United Arab Emirates ($X), Japan ($X) and Singapore ($X), with a combined 71% share of total imports.

The United Arab Emirates, with a CAGR of +143.5%, saw 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 scrapers excavator import price amounted to $X per unit, which is down by -12.2% against the previous year. Overall, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :