China: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in China

The Chinese wood slicing machine market shrank sharply to $X in 2021, falling by -42% against the previous year. Overall, consumption continues to indicate a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Slicing Machine Production in China

In value terms, wood slicing machine production totaled $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 -2.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 65%. Wood slicing machine production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports from China

In 2021, overseas shipments of splitting, slicing or paring machines increased by 47% to X units, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 85%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood slicing machine exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 125% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for wood slicing machine exports from China, accounting for a 41% share of total exports. Moreover, wood slicing machine exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The third position in this ranking was taken by Canada (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+114.4% per year) and Canada (+12.4% per year).

In value terms, Vietnam ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for wood slicing machine exported from China worldwide, with a combined 62% share of total exports.

Vietnam, with a CAGR of +72.6%, 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 wood slicing machine export price amounted to $X per unit, picking up by 11% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood slicing machine export price increased by +23.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 61%. As a result, the export price attained the peak level of $X per unit. From 2015 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 Vietnam ($X per unit), while the average price for exports to the Netherlands ($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 Sweden (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into China

In 2021, overseas purchases of splitting, slicing or paring machines were finally on the rise to reach X units after three years of decline. In general, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 43%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wood slicing machine imports stood at $X in 2021. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), Japan (X units) and Switzerland (X units) were the main suppliers of wood slicing machine imports to China, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +2.3%), while imports for the other leaders experienced a decline.

In value terms, the largest wood slicing machine suppliers to China were Taiwan (Chinese) ($X), Japan ($X) and Germany ($X), with a combined 76% share of total imports. South Korea, Switzerland, Italy, Finland and the United States lagged somewhat behind, together accounting for a further 20%.

Switzerland, with a CAGR of +11.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, reducing by -20.6% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood slicing machine import price decreased by -25.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 58% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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