China: Teleferics And Chair-Lifts Market 2024

Teleferics And Chair-Lifts Market Size in China

For the third year in a row, the Chinese teleferics and chair-lifts market recorded decline in sales value, which decreased by -25.9% to $X in 2022. In general, consumption saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Teleferics And Chair-Lifts Production in China

In value terms, teleferics and chair-lifts production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a sharp reduction. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Teleferics And Chair-Lifts Exports

Exports from China

In 2022, after two years of decline, there was significant growth in overseas shipments of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, when their volume increased by 65% to X units. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2017 when exports increased by 155%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, teleferics and chair-lifts exports declined to $X in 2022. In general, exports, however, continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 100% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) was the main destination for teleferics and chair-lifts exports from China, accounting for a 14% share of total exports. Moreover, teleferics and chair-lifts exports to Togo exceeded the volume sent to the second major destination, Zambia (X units), fourfold. The third position in this ranking was taken by Djibouti (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (0.0% per year) and Djibouti (0.0% per year).

In value terms, Libya ($X), Djibouti ($X) and Morocco ($X) constituted the largest markets for teleferics and chair-lifts exported from China worldwide, together accounting for 1.8% of total exports. Zambia, New Zealand, El Salvador, Togo, Congo, the Dominican Republic, Paraguay, Honduras, Kuwait and Iraq lagged somewhat behind, together accounting for a further 1%.

Among the main countries of destination, El Salvador, with a CAGR of +88.2%, 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

The average teleferics and chair-lifts export price stood at $X per unit in 2022, with a decrease of -47.2% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 78%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Libya ($X per unit), while the average price for exports to Iraq ($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 El Salvador (+75.1%), while the prices for the other major destinations experienced more modest paces of growth.

Teleferics And Chair-Lifts Imports

Imports into China

In 2022, supplies from abroad of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a noticeable slump. The growth pace was the most rapid in 2019 when imports increased by 940%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, teleferics and chair-lifts imports declined modestly to $X in 2022. In general, imports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 908% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X units), the UK (X units) and South Korea (X units) were the main suppliers of teleferics and chair-lifts imports to China, together comprising 99.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars to China, comprising 82% of total imports. The second position in the ranking was taken by the UK ($X), with a 10% share of total imports. It was followed by South Korea, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.7% per year) and South Korea (+22.3% per year).

Import Prices by Country

The average teleferics and chair-lifts import price stood at $X per unit in 2022, shrinking by -18.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average import price increased by 36%. As a result, import price reached the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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