China: X-Ray Generator Market 2024

X-Ray Generator Market Size in China

In 2021, after nine years of growth, there was significant decline in the Chinese x-ray generator market, when its value decreased by -10.3% to $X. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. X-ray generator consumption peaked at $X in 2020, and then fell in the following year.

X-Ray Generator Production in China

In value terms, x-ray generator production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2020, and then contracted slightly in the following year.

X-Ray Generator Exports

Exports from China

For the sixth year in a row, China recorded growth in overseas shipments of x-ray generators, which increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray generator exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.3% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main destinations of x-ray generator exports from China, with a combined 68% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for x-ray generator exported from China were Japan ($X), the United States ($X) and Germany ($X), with a combined 57% share of total exports. The UK, Israel, South Korea, India, the Netherlands, Singapore and Finland lagged somewhat behind, together comprising a further 26%.

South Korea, with a CAGR of +29.0%, 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 x-ray generator export price amounted to $X per ton, growing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Generator Imports

Imports into China

After three years of growth, overseas purchases of x-ray generators decreased by -11.3% to X tons in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, x-ray generator imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), the United States (X tons) and India (X tons) were the main suppliers of x-ray generator imports to China, together comprising 52% of total imports. Japan, Mexico, South Korea, Israel, Hungary, the Netherlands, the UK, Canada, France and Spain lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) were the largest x-ray generator suppliers to China, with a combined 60% share of total imports. These countries were followed by Israel, South Korea, the Netherlands, Mexico, France, Canada, India, the UK, Hungary and Spain, which together accounted for a further 33%.

In terms of the main suppliers, Hungary, with a CAGR of +38.5%, saw 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

In 2021, the average x-ray generator import price amounted to $X per ton, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Israel ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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