China: Timer Market 2024

Timer Market Size in China

The Chinese timer market expanded markedly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Timer Production in China

In value terms, timer production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Timer Exports

Exports from China

Timer exports from China reduced modestly to X units in 2022, shrinking by X% compared with the year before. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, timer exports expanded notably to $X in 2022. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and Germany (X units) were the main destinations of timer exports from China, with a combined X% share of total exports. Australia, Italy, Japan, Malaysia, the UK, France, the Philippines, South Korea, Pakistan and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for timer exported from China were the United States ($X), Japan ($X) and Malaysia ($X), together accounting for X% of total exports. Australia, Germany, the Philippines, Hong Kong SAR, the UK, the Netherlands, South Korea, Pakistan, Italy and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to 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 timer export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded 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 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 ($X per unit), while the average price for exports to the Netherlands ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Timer Imports

Imports into China

In 2022, supplies from abroad of timers decreased by X% to X units, falling for the second year in a row after seven years of growth. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, timer imports fell to $X in 2022. In general, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh (X units), Indonesia (X units) and Germany (X units) were the main suppliers of timer imports to China, together comprising X% of total imports.

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

In value terms, Germany ($X), Norway ($X) and Bangladesh ($X) appeared to be the largest timer suppliers to China, with a combined X% share of total imports.

In terms of the main suppliers, Norway, 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

The average timer import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 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 Norway ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform