Global Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size

In 2022, the global personal weighing machine market increased by 3.9% to $X, rising for the sixth year in a row after two years of decline. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.8% against 2016 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the near future.

Personal Weighing Machine Production

In value terms, personal weighing machine production fell notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The growth pace was the most rapid in 2019 when the production volume increased by 527%. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

Personal Weighing Machine Exports

Exports

In 2022, overseas shipments of personal weighing machines decreased by -29.7% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. The global exports peaked at X units in 2021, and then fell sharply in the following year.

In value terms, personal weighing machine exports declined markedly to $X in 2022. Overall, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 54%. Over the period under review, the global exports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 83% of total exports in 2022. The following exporters - Germany (X units), Poland (X units) and the Netherlands (X units) - together made up 7.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to personal weighing machine exports from China stood at +5.0%. At the same time, Poland (+33.6%) and the Netherlands (+1.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.6% from 2012-2022. Germany experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland and China increased by +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest personal weighing machine supplier worldwide, comprising 74% of global exports. The second position in the ranking was taken by Germany ($X), with a 6.1% share of global exports. It was followed by Poland, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +7.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-0.0% per year) and Poland (+34.3% per year).

Export Prices by Country

In 2022, the average personal weighing machine export price amounted to $X per unit, surging by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the other global leaders experienced more modest paces of growth.

Personal Weighing Machine Imports

Imports

In 2022, after six years of growth, there was significant decline in purchases abroad of personal weighing machines, when their volume decreased by -21.4% to X units. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, personal weighing machine imports dropped markedly to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Global imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), Russia (X units) and India (X units) were the key importers of personal weighing machines, together making up 39% of total imports. France (X units), Brazil (X units), the Netherlands (X units), the UK (X units), Japan (X units), Spain (X units), Italy (X units), Poland (X units) and the United Arab Emirates (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to personal weighing machine imports into the United States stood at +4.4%. At the same time, India (+23.0%), the United Arab Emirates (+13.2%), Russia (+10.6%), Poland (+10.2%), Brazil (+8.0%), Spain (+5.2%), Japan (+3.0%), Germany (+2.6%), the Netherlands (+1.5%) and France (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +23.0% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the UK (-3.8%) illustrated a downward trend over the same period. India (+4.5 p.p.) and Russia (+3 p.p.) significantly strengthened its position in terms of the global imports, while Italy, Germany, France and the UK saw its share reduced by -1.5%, -1.6%, -1.7% and -4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported personal weighing machines worldwide, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 10% share of global imports. It was followed by France, with a 6.1% share.

In the United States, personal weighing machine imports expanded at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.9% per year) and France (+2.5% per year).

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2013 when the average import price increased by 1.9%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :