China: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in China

The Chinese market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in China

In value terms, grease fittings and oil seals production expanded notably to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from China

In 2022, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported from China soared to X units, with an increase of X% against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, grease fittings and oil seals exports expanded markedly to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units), Liberia (X units) and Hong Kong SAR (X units) were the main destinations of grease fittings and oil seals exports from China, with a combined X% share of total exports. Marshall Islands, Singapore, Malta, the UK, Bahamas and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Marshall Islands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Liberia ($X) and Hong Kong SAR ($X) constituted the largest markets for grease fittings and oil seals exported from China worldwide, with a combined X% share of total exports. Marshall Islands, Singapore, Malta, the UK, South Korea and Bahamas lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bahamas, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Liberia ($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 Bahamas (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into China

In 2022, imports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels into China declined slightly to X units, therefore, remained relatively stable against the previous year's figure. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main suppliers of grease fittings and oil seals imports to China, with a combined X% share of total imports. Germany, Italy, the United States and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grease fittings and oil seals suppliers to China were Japan ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. The United States, South Korea, Italy and Spain lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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