China: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in China

The Chinese market for wood boxes, crates and cable drums contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Wood Boxes, Crates and Cable Drums in China

In value terms, wood box and cable drum production fell to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Exports of Wood Boxes, Crates and Cable Drums

Exports from China

In 2022, shipments abroad of wood boxes, crates and cable drums increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood box and cable drum exports soared to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Japan (X units), France (X units) and the United States (X units) were the main destinations of wood box and cable drum exports from China, together comprising X% of total exports. The Netherlands, Germany, Canada, Singapore, Hong Kong SAR, South Korea, Vietnam, Italy, Australia and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for wood boxes, crates and cable drums exports from China, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Korea (X% per year).

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into China

After two years of growth, purchases abroad of wood boxes, crates and cable drums decreased by X% to X units in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, wood box and cable drum imports expanded notably to $X in 2022. In general, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest wood box and cable drum supplier to China, accounting for a X% share of total imports. Moreover, wood box and cable drum imports from Brazil exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Spain (X% per year).

In value terms, the Netherlands ($X), Brazil ($X) and Taiwan (Chinese) ($X) appeared to be the largest wood box and cable drum suppliers to China, with a combined X% share of total imports. Germany, Japan, Spain and Sweden lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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