China: Tamping Machinery Market 2024

Tamping Machinery Market Size in China

The Chinese tamping machinery market declined notably to $X in 2021, waning by -69.8% against the previous year. Over the period under review, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Tamping Machinery Production in China

In value terms, tamping machinery production declined slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 -4.8% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 100%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Tamping Machinery Exports

Exports from China

In 2021, approx. X units of tamping or compacting machinery were exported from China; with an increase of 32% against 2020. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,427%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, tamping machinery exports skyrocketed to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for tamping machinery exports from China, accounting for a 19% share of total exports. Moreover, tamping machinery exports to Germany exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Russia (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.6% per year) and Russia (+7.7% per year).

In value terms, Germany ($X), the United States ($X) and Russia ($X) constituted the largest markets for tamping machinery exported from China worldwide, together accounting for 41% of total exports. These countries were followed by the UK, Australia, Poland, the Philippines, South Korea, Malta, Vietnam, Nigeria, India and Iran, which together accounted for a further 19%.

Among the main countries of destination, Malta, with a CAGR of +60.7%, recorded 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

The average tamping machinery export price stood at $X per unit in 2021, growing by 2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,171% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

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 Australia ($X per unit), while the average price for exports to India ($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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into China

In 2021, approx. X units of tamping or compacting machinery were imported into China; dropping by -63.8% against the year before. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 296%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, tamping machinery imports surged to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 223%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of tamping machinery to China, accounting for a 67% share of total imports. Moreover, tamping machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+57.5% per year) and Spain (+17.0% per year).

In value terms, Germany ($X) constituted the largest supplier of tamping or compacting machinery to China, comprising 95% of total imports. The second position in the ranking was taken by Italy ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.4% per year) and Spain (+8.9% per year).

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, picking up by 273% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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