China: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in China

The Chinese ride-on compaction equipment market reached $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a strong 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, consumption decreased by X% against 2020 indices. Ride-on compaction equipment consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Production in China

In value terms, ride-on compaction equipment production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant 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 growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Ride-On Compaction Equipment Exports

Exports from China

In 2022, after two years of growth, there was decline in overseas shipments of ride-on compaction equipment, when their volume decreased by X% to X units. In general, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units), the United States (X units) and Germany (X units) were the main destinations of ride-on compaction equipment exports from China, with a combined X% share of total exports. The Philippines, the UK, Australia, India, Indonesia, France, Iraq, Colombia, Mexico and South Africa lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for ride-on compaction equipment exported from China were Russia ($X), the United States ($X) and Australia ($X), together comprising X% of total exports. Indonesia, the Philippines, Germany, Mexico, the UK, France, South Africa, Colombia, India and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, recorded 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 ride-on compaction equipment export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price enjoyed tangible growth. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 Australia ($X per unit), while the average price for exports to Iraq ($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 States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into China

Ride-on compaction equipment imports into China fell sharply to X units in 2022, shrinking by X% compared with the year before. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports reduced sharply to $X in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Japan (X units) were the main suppliers of ride-on compaction equipment imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest ride-on compaction equipment suppliers to China were Germany ($X), Sweden ($X) and Japan ($X), together accounting for X% of total imports.

In terms of the main suppliers, Sweden, 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 a decline.

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform