China: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in China

After two years of decline, the Chinese thermoforming machine market increased by 2.6% to $X in 2021. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Thermoforming machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in China

In value terms, thermoforming machine production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 29%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Thermoforming Machine Exports

Exports from China

In 2021, shipments abroad of thermoforming machines for working rubber or plastics increased by 43% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 47%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, thermoforming machine exports soared to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for thermoforming machine exports from China, accounting for a 21% share of total exports. Moreover, thermoforming machine exports to the United States exceeded the volume sent to the second major destination, India (X units), fourfold. Vietnam (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.4% per year) and Vietnam (+26.0% per year).

In value terms, India ($X), Vietnam ($X) and Thailand ($X) appeared to be the largest markets for thermoforming machine exported from China worldwide, together comprising 27% of total exports. These countries were followed by Indonesia, Egypt, the United States, Malaysia, Mexico, Japan, Germany, the Dominican Republic, Spain and the Netherlands, which together accounted for a further 22%.

The Dominican Republic, with a CAGR of +43.1%, 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 thermoforming machine export price amounted to $X per unit, reducing by -10.2% against the previous year. In general, the export price showed a noticeable descent. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 Thailand ($X per unit), while the average price for exports to the Netherlands ($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 Indonesia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into China

In 2021, supplies from abroad of thermoforming machines for working rubber or plastics increased by 16% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.4% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thermoforming machine imports surged to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 61% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main suppliers of thermoforming machine imports to China, with a combined 51% 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 Germany (with a CAGR of +9.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Germany ($X) and Italy ($X) were the largest thermoforming machine suppliers to China, with a combined 83% share of total imports.

Among the main suppliers, Japan, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, rising by 15% against the previous year. In general, the import price posted resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 61% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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