Report Update: May 1, 2024

China - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights

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Cranks and Crankshafts Price in China - 2023

Cranks and Crankshafts Price in China (FOB) - 2023

The average cranks and crankshafts export price stood at $5,249 per ton in June 2023, falling by -1.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 2% against the previous month. The export price peaked at $5,645 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Mexico ($7,594 per ton), while the average price for exports to Japan ($3,216 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks and Crankshafts Price in China (CIF) - 2023

In June 2023, the average cranks and crankshafts import price amounted to $18,447 per ton, dropping by -25.2% against the previous month. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in September 2022 an increase of 65% against the previous month. As a result, import price attained the peak level of $27,756 per ton. From October 2022 to June 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($46,154 per ton), while the price for India ($7,411 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranks and Crankshafts Exports in China

In 2022, approx. 293K tons of cranks and crankshafts were exported from China; surging by 4.2% compared with the previous year's figure. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, cranks and crankshafts exports amounted to $1.6B in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Export of Cranks and Crankshafts in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	249	223	293	332	10.1%
Japan	143	96.9	123	125	-4.4%
India	60.6	51.3	81.4	87.2	12.9%
Mexico	50.0	49.4	72.9	86.0	19.8%
South Korea	56.2	55.7	72.5	82.6	13.7%
Thailand	53.9	46.9	77.1	74.3	11.3%
Brazil	27.0	34.0	57.3	68.0	36.1%
Germany	54.0	41.3	57.9	62.8	5.2%
Vietnam	36.3	49.4	60.3	55.1	14.9%
Italy	38.5	35.7	51.6	51.7	10.3%
Russia	28.3	26.8	33.8	46.5	18.0%
Indonesia	22.8	15.7	23.7	39.4	20.0%
Netherlands	23.6	17.4	29.0	30.3	8.7%
Others	362	345	435	469	9.0%
Total	1,205	1,088	1,468	1,610	10.1%

Top Export Markets for Cranks and Crankshafts from China in 2022:

United States (54.2K tons)
Japan (33.4K tons)
India (19.7K tons)
Thailand (15.4K tons)
South Korea (14.5K tons)
Brazil (11.9K tons)
Mexico (10.4K tons)
Vietnam (9.8K tons)
Germany (9.4K tons)
Italy (8.6K tons)
Netherlands (7.9K tons)
Russia (7.8K tons)
Indonesia (7.6K tons)

Cranks and Crankshafts Imports in China

For the third consecutive year, China recorded decline in overseas purchases of cranks and crankshafts, which decreased by -7.9% to 52K tons in 2022. Overall, imports saw a deep reduction. The smallest decline of -2.9% was in 2021.

In value terms, cranks and crankshafts imports contracted to $1.1B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $1.1B, and then dropped in the following year.

Import of Cranks and Crankshafts in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	270	210	323	312	4.9%
Japan	226	202	241	206	-3.0%
United States	137	118	131	144	1.7%
South Korea	138	92.4	78.9	76.0	-18.0%
France	55.9	46.2	55.1	51.4	-2.8%
Italy	26.4	23.2	34.3	31.5	6.1%
India	19.8	11.9	15.2	15.7	-7.4%
Others	187	206	263	245	9.4%
Total	1,060	909	1,142	1,082	0.7%

Top Suppliers of Cranks and Crankshafts to China in 2022:

Japan (17.0K tons)
Germany (9.7K tons)
South Korea (9.0K tons)
United States (3.3K tons)
India (1.7K tons)
Italy (1.3K tons)
France (1.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

Country coverage:

China

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023