China - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in China - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in China (FOB) - 2022
- Price for Balancing Mechanical Parts Machine in China (CIF) - 2023
- Exports of Balancing Mechanical Parts Machine in China
- Imports of Balancing Mechanical Parts Machine in China
Price for Balancing Mechanical Parts Machine in China (FOB) - 2022
In 2022, the average balancing mechanical parts machine export price amounted to $813 per unit, with a decrease of -35.6% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 4.1% against the previous year. As a result, the export price attained the peak level of $4,380 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,239 per unit), while the average price for exports to the United States ($503 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-13.8%), while the prices for the other major destinations experienced a decline.
Price for Balancing Mechanical Parts Machine in China (CIF) - 2023
The average balancing mechanical parts machine import price stood at $19,313 per unit in June 2023, jumping by 19% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 391% against the previous month. As a result, import price reached the peak level of $50,439 per unit. From February 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($65,091 per unit), while the price for Italy ($6,500 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Balancing Mechanical Parts Machine in China
For the fourth year in a row, China recorded growth in shipments abroad of machines for balancing mechanical parts, which increased by 14% to 72K units in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 141%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, balancing mechanical parts machine exports shrank significantly to $58M in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.4% 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 +13.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $80M, and then declined markedly in the following year.
| Export of Balancing Mechanical Parts Machine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 5.8 | 5.9 | 5.2 | 8.2% |
| India | 2.3 | 4.1 | 2.7 | 3.9 | 19.2% |
| Germany | 6.1 | 6.7 | 7.8 | 3.9 | -13.9% |
| Thailand | 3.3 | 5.4 | 5.7 | 3.6 | 2.9% |
| Vietnam | 2.8 | 1.8 | 2.6 | 3.3 | 5.6% |
| Russia | 1.9 | 2.0 | 4.1 | 2.9 | 15.1% |
| Poland | 2.1 | 2.4 | 4.3 | 2.6 | 7.4% |
| Mexico | 1.1 | 1.0 | 3.7 | 2.5 | 31.5% |
| South Korea | 4.3 | 1.5 | 3.8 | 2.4 | -17.7% |
| Brazil | 2.0 | 1.2 | 1.8 | 1.9 | -1.7% |
| Japan | 1.1 | 1.5 | 2.3 | 1.6 | 13.3% |
| Australia | 0.9 | 0.9 | 1.3 | 1.2 | 10.1% |
| Canada | 0.8 | 1.3 | 1.5 | 0.8 | 0.0% |
| Others | 18.3 | 20.2 | 32.3 | 22.6 | 7.3% |
| Total | 51.3 | 55.7 | 79.9 | 58.5 | 4.5% |
Top Export Markets for Balancing Mechanical Parts Machine from China in 2022:
- United States (10.3K units)
- Germany (5.9K units)
- Poland (4.1K units)
- Brazil (3.8K units)
- India (3.8K units)
- Russia (3.4K units)
- Thailand (3.2K units)
- Vietnam (2.8K units)
- Japan (2.5K units)
- Australia (2.1K units)
- Mexico (2.1K units)
- South Korea (1.9K units)
- Canada (1.5K units)
Imports of Balancing Mechanical Parts Machine in China
In 2022, imports of machines for balancing mechanical parts into China contracted rapidly to 4.3K units, which is down by -47.7% compared with 2021. Over the period under review, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1.3% against the previous year. Imports peaked at 25K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, balancing mechanical parts machine imports contracted notably to $45M in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked at $76M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Balancing Mechanical Parts Machine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 22.9 | 21.0 | 28.2 | 14.6 | -13.9% |
| Germany | 27.6 | 17.5 | 17.3 | 12.4 | -23.4% |
| Italy | 11.3 | 7.4 | 15.1 | 8.9 | -7.6% |
| United States | 7.1 | 3.0 | 4.5 | 2.3 | -31.3% |
| South Korea | 2.8 | 0.6 | 1.0 | 1.0 | -29.1% |
| France | 1.4 | 0.7 | 0.8 | 0.8 | -17.0% |
| United Kingdom | 0.6 | 1.2 | 0.6 | 0.3 | -20.6% |
| Others | 2.3 | 4.1 | 3.8 | 4.6 | 26.0% |
| Total | 75.9 | 55.6 | 71.3 | 44.8 | -16.1% |
Top Suppliers of Balancing Mechanical Parts Machine to China in 2022:
- Italy (1463.0 units)
- Germany (1240.0 units)
- Japan (294.0 units)
- South Korea (248.0 units)
- United States (242.0 units)
- France (226.0 units)
- United Kingdom (139.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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
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