China: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in China

In 2022, the Chinese pneumatic linear acting actuator market increased by 6.1% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Pneumatic Linear Acting Actuators in China

In value terms, pneumatic linear acting actuator production fell to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16%. Pneumatic linear acting actuator production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from China

Pneumatic linear acting actuator exports from China contracted rapidly to X units in 2022, dropping by -35.7% against 2021 figures. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 88%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports stood at $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of pneumatic linear acting actuator exports from China, together comprising 31% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +42.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and South Korea ($X) constituted the largest markets for pneumatic linear acting actuator exported from China worldwide, with a combined 40% share of total exports. Germany, Belgium, Mexico, India, Brazil, Vietnam, Australia, Indonesia, the United Arab Emirates and Canada lagged somewhat behind, together comprising a further 28%.

The United Arab Emirates, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of exports, among 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 pneumatic linear acting actuator export price amounted to $X per unit, rising by 72% against the previous year. Overall, the export price, however, recorded a noticeable setback. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into China

In 2022, purchases abroad of pneumatic linear acting actuators decreased by -31% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 with an increase of 28%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.3% 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 2014 with an increase of 36%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Japan (X units) and South Korea (X units) were the main suppliers of pneumatic linear acting actuator imports to China, with a combined 39% share of total imports. Italy, Hungary, Finland, India and the United States lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +9.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to China were Japan ($X), Germany ($X) and the United States ($X), with a combined 56% share of total imports. Italy, South Korea, Hungary, India and Finland lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, India, with a CAGR of +8.7%, 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

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, jumping by 39% against the previous year. In general, the import price continues to indicate a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Finland ($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 States (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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