China - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
China: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in China
The Chinese wood bending machine market dropped remarkably to $X in 2021, with a decrease of -68.6% against the previous year. Overall, consumption saw a dramatic contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
Wood Bending Machine Production in China
In value terms, wood bending machine production dropped to $X in 2021 estimated in export price. In general, production showed a pronounced reduction. The pace of growth was the most pronounced in 2013 with an increase of 22%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.
Wood Bending Machine Exports
Exports from China
In 2021, the amount of bending or assembling machines exported from China skyrocketed to X units, jumping by 28% compared with the year before. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 288%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, wood bending machine exports soared to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Vietnam (X units), Russia (X units) and the United States (X units) were the main destinations of wood bending machine exports from China, together accounting for 43% of total exports. These countries were followed by Algeria, Poland, Australia, India, Austria, Peru, Mexico, Uruguay, Chile and Brazil, which together accounted for a further 29%.
From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +148.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($X) remains the key foreign market for wood bending machine exports from China, comprising 43% of total exports. The second position in the ranking was held by Russia ($X), with a 7% share of total exports. It was followed by the United States, with a 4.4% share.
From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+33.8% per year) and the United States (+104.0% per year).
Export Prices by Country
The average wood bending machine export price stood at $X per unit in 2021, declining by -3.7% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2014 an increase of 79%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Bending Machine Imports
Imports into China
In 2021, the amount of bending or assembling machines imported into China declined to X units, shrinking by -10% compared with 2020. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 125% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.
In value terms, wood bending machine imports declined sharply to $X in 2021. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 77% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Japan (X units) constituted the largest wood bending machine supplier to China, with a 45% share of total imports. Moreover, wood bending machine imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.0% per year) and Turkey (+25.5% per year).
In value terms, Japan ($X) constituted the largest supplier of wood bending machine to China, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.6% per year) and Taiwan (Chinese) (-11.5% per year).
Import Prices by Country
The average wood bending machine import price stood at $X per unit in 2021, dropping by -13.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2015 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then shrank in the following year.
Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.
| Base Year | Historical Period | Forecast Period | Units |
|---|---|---|---|
| 2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine 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
Recommended reports
This report provides an in-depth analysis of the global wood bending machine market.
This report provides an in-depth analysis of the wood bending machine market in the EU.
This report provides an in-depth analysis of the wood bending machine market in Asia.
This report provides an in-depth analysis of the wood bending machine market in the U.S..
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global metal tank market.
Thursday, April 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET
