China: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in China

The Chinese non-domestic dryer market reached $X.7B in 2022, standing approx. at the previous year. In general, the total consumption indicated a moderate increase 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X.2B. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Domestic Dryer Production in China

In value terms, non-domestic dryer production totaled $X.5B in 2022 estimated in export price. Overall, the total production indicated pronounced growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X.4B. From 2017 to 2022, production growth remained at a lower figure.

Non-Domestic Dryer Exports

Exports from China

In 2022, overseas shipments of non-domestic dryers increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-domestic dryer exports expanded rapidly to $X in 2022. Overall, exports continue to indicate a strong expansion. 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 likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for non-domestic dryer exports from China, accounting for a X% share of total exports. Moreover, non-domestic dryer exports to the United States exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was taken by Russia (X units), with a X% share.

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

In value terms, the United States ($X), Vietnam ($X) and Russia ($X) appeared to be the largest markets for non-domestic dryer exported from China worldwide, together accounting for X% of total exports. Japan, Brazil, Taiwan (Chinese), Turkey, South Korea, Germany, Poland, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-domestic dryer export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while the average price for exports to the UK ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Non-Domestic Dryer Imports

Imports into China

In 2022, non-domestic dryer imports into China shrank to X units, reducing by X% on 2021. In general, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-domestic dryer imports dropped to $X in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and Singapore (X units) were the main suppliers of non-domestic dryer imports to China, together comprising X% of total imports. The United States, South Korea, France, Italy, Thailand, Taiwan (Chinese), the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest non-domestic dryer suppliers to China were South Korea ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. The United States, Taiwan (Chinese), Italy, the UK, France, Thailand, Singapore and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average non-domestic dryer import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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