China - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Suspension System Export Drops Modestly to 74K Tons in September 2022
China Suspension System Exports
In September 2022, overseas shipments of suspension systems decreased by -10.9% to 74K tons, falling for the second month in a row after five months of growth. Overall, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in March 2022 with an increase of 32% against the previous month. The exports peaked at 93K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, suspension system exports reduced to $362M (IndexBox estimates) in September 2022. In general, exports saw a slight downturn. The pace of growth was the most pronounced in March 2022 with an increase of 30% against the previous month. Over the period under review, the exports reached the maximum at 429K tons in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.
Exports by Country
The United States (16K tons) was the main destination for suspension system exports from China, accounting for a 21% share of total exports. Moreover, suspension system exports to the United States exceeded the volume sent to the second major destination, Mexico (5.3K tons), threefold. Germany (3.7K tons) ranked third in terms of total exports with a 5% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States stood at -4.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-2.9% per month) and Germany (-0.5% per month).
In value terms, the United States ($83M) remains the key foreign market for suspension system exports from China, comprising 23% of total exports. The second position in the ranking was taken by Mexico ($23M), with a 6.4% share of total exports. It was followed by Germany, with a 5.5% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to the United States amounted to -2.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-2.3% per month) and Germany (-0.5% per month).
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Export Prices by Country
In September 2022, the suspension system price amounted to $4,864 per ton (FOB, China), rising by 3.5% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in February 2022 an increase of 7.8% against the previous month. The export price peaked in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($6,765 per ton), while the average price for exports to Nigeria ($3,740 per ton) 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 Nigeria (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Factors Affecting Suspension System Prices
The suspension system is one of the most important safety features in a vehicle, and its price can vary significantly from one country to another. In China, the average cost of a suspension system is much lower than in other countries. This is due to a number of factors, including the lower cost of labor and materials in China, and the fact that many suspension components are produced locally.
Different types of vehicles will have different suspension requirements, and this will impact the price. Another factor to consider is the quality of the suspension system. Higher quality suspensions will usually cost more, but they will also last longer and provide better performance.
This report provides an in-depth analysis of the suspension system 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.
Product coverage:
- Prodcom 29323050 - Suspension systems and parts thereof (including shock absorbers)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
