China: Smoothing Iron Market 2024

Smoothing Iron Market Size in China

The Chinese smoothing iron market declined sharply to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, showed a mild expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Smoothing Iron Production in China

In value terms, smoothing iron production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Smoothing iron production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Smoothing Iron Exports

Exports from China

In 2022, shipments abroad of electric smoothing irons increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated a mild expansion from 2012 to 2022: its volume 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 growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, smoothing iron exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for smoothing iron exports from China, accounting for a X% share of total exports. Moreover, smoothing iron exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Russia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Russia (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric smoothing irons exports from China, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average smoothing iron export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

Smoothing Iron Imports

Imports into China

In 2022, smoothing iron imports into China fell remarkably to X units, which is down by X% on the previous year. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, smoothing iron imports contracted notably to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of smoothing iron to China, with a X% share of total imports. Moreover, smoothing iron imports from Indonesia exceeded the figures recorded by the second-largest supplier, Hungary (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

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

In value terms, Hungary ($X) constituted the largest supplier of electric smoothing irons to China, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Japan (X% per year).

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price showed strong growth. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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