
China - Hand Sieves And Hand Riddles - Market Analysis, Forecast, Size, Trends And Insights
China's Hand Sieve Export Grows Significantly to 306K Units in September 2022
China Hand Sieve Exports
In September 2022, overseas shipments of hand sieves and hand riddles were finally on the rise to reach 306K units after two months of decline. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports reached the peak figure at 772K units in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, hand sieve exports surged to $194K (IndexBox estimates) in September 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in April 2022 with an increase of 190% m-o-m. The exports peaked at 755K units in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
Exports by Country
Russia (131K units) was the main destination for hand sieve exports from China, accounting for a 43% share of total exports. Moreover, hand sieve exports to Russia exceeded the volume sent to the second major destination, Germany (56K units), twofold. Japan (47K units) ranked third in terms of total exports with a 15% share.
From January 2022 to September 2022, the average monthly growth rate of volume to Russia totaled +31.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-5.2% per month) and Japan (-2.4% per month).
In value terms, Russia ($70K), Germany ($44K) and Japan ($20K) were the largest markets for hand sieve exported from China worldwide, with a combined 69% share of total exports.
Among the main countries of destination, Russia, with a CAGR of +23.8%, saw the highest growth rate of 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
In September 2022, the hand sieve price amounted to $634 per thousand units (FOB, China), reducing by -5.5% against the previous month. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in April 2022 an increase of 95% month-to-month. As a result, the export price attained the peak level of $1.4 per unit. From May 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($5.5 per unit), while the average price for exports to Saudi Arabia ($165 per thousand units) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Factors Affecting Hand Sieve Prices
Hand sieves and hand riddles are two of the most popular tools used in China for separating and sorting materials. These tools are often used in construction, agriculture, and other industries.
As the world's largest exporter of hand sieves and hand riddles, China is able to offer very competitive prices on these products. There are several factors that contribute to this, including the large volume of production in China, the low cost of labor, and the fact that many manufacturers are located in close proximity to each other. This results in a highly competitive market with prices that are often lower than what is seen in other countries.
There are a number of factors that contribute to the price of hand sieves and hand riddles. The first factor is the cost of materials. Hand sieves and hand riddles are made from a variety of materials, including wood, bamboo, metal, and plastic. The type of material used affects the price of the item. For example, items made from wood or bamboo are usually more expensive than those made from metal or plastic.
The second factor is the size of the item. Hand sieves and hand riddles come in a variety of sizes, from small to large. The size of the item affects the price because larger items are more expensive to produce than smaller ones.
The third factor is the design of the item. Hand sieves and hand riddles can be simple or complex in design. Items with more complex designs are usually more expensive than those with simpler designs.
The fourth factor is the quality of the item. Hand sieves and hand riddles can be made from high-quality materials that will last for many years or from lower-quality materials that will need to be replaced more often.
This report provides an in-depth analysis of the hand sieve market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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