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China - Electric Smoothing Irons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Iron Export Figures Soar to $48M in February 2023
China Smoothing Iron Exports
In February 2023, the amount of electric smoothing irons exported from China reduced remarkably to 4.6M units, with a decrease of -56.2% compared with January 2023. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 53% month-to-month. The exports peaked at 10M units in January 2023, and then contracted dramatically in the following month.
In value terms, smoothing iron exports declined sharply to $48M (IndexBox estimates) in February 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 35% against the previous month. Over the period under review, the exports hit record highs at 105M units in January 2023, and then contracted markedly in the following month.
COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
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Export Value of Smoothing Iron in China (million USD) | |||||||||||||
United States | 10.1 | 15.5 | 20.1 | 18.0 | 17.0 | 21.9 | 15.5 | 15.5 | 14.7 | 14.3 | 13.2 | 15.6 | 7.6 |
Russia | 4.2 | 2.0 | 2.3 | 1.8 | 2.1 | 3.8 | 5.2 | 6.8 | 6.4 | 9.1 | 7.4 | 8.5 | 4.9 |
Japan | 2.7 | 2.6 | 3.2 | 3.6 | 3.8 | 4.3 | 4.4 | 5.7 | 4.7 | 4.0 | 3.1 | 4.3 | 2.1 |
Mexico | 0.3 | 1.6 | 2.7 | 1.7 | 1.9 | 3.3 | 4.2 | 3.2 | 2.9 | 2.0 | 2.7 | 2.8 | 2.0 |
Vietnam | 0.6 | 1.0 | 1.2 | 1.5 | 1.5 | 1.7 | 1.8 | 2.2 | 2.4 | 1.9 | 1.3 | 1.1 | 1.9 |
United Arab Emirates | 1.8 | 3.5 | 5.1 | 4.9 | 5.4 | 3.2 | 3.2 | 3.6 | 4.2 | 5.1 | 2.6 | 5.3 | 1.7 |
Germany | 2.6 | 2.0 | 2.9 | 2.8 | 3.1 | 1.9 | 3.2 | 3.0 | 3.5 | 2.5 | 2.0 | 3.1 | 1.6 |
Malaysia | 0.6 | 1.0 | 1.4 | 1.5 | 1.4 | 2.5 | 1.8 | 2.0 | 1.5 | 1.8 | 2.5 | 3.1 | 1.3 |
Netherlands | 0.4 | 2.2 | 3.3 | 2.1 | 0.6 | 1.8 | 2.1 | 2.1 | 2.3 | 1.6 | 1.3 | 2.7 | 1.2 |
Kazakhstan | 1.1 | 0.6 | 0.7 | 0.7 | 0.5 | 0.9 | 0.7 | 1.4 | 1.8 | 2.4 | 1.5 | 0.7 | 1.2 |
Saudi Arabia | 0.3 | 0.7 | 0.7 | 1.6 | 1.4 | 1.2 | 1.8 | 1.9 | 1.8 | 2.0 | 2.0 | 2.2 | 0.9 |
Indonesia | 0.7 | 1.1 | 1.5 | 2.3 | 1.3 | 2.1 | 0.8 | 1.1 | 1.2 | 1.7 | 1.2 | 1.4 | 0.9 |
Brazil | 0.2 | 1.3 | 1.3 | 1.9 | 1.8 | 4.2 | 2.3 | 3.2 | 2.9 | 1.5 | 1.5 | 3.4 | 0.8 |
Others | 25.5 | 33.9 | 45.9 | 43.8 | 43.3 | 45.4 | 44.3 | 48.2 | 49.8 | 42.0 | 42.4 | 50.6 | 19.6 |
Total | 51.3 | 69.2 | 92.2 | 88.1 | 85.1 | 98.2 | 91.1 | 99.8 | 100 | 91.8 | 84.7 | 105 | 47.6 |
Exports by Country
The United States (662K units), Russia (449K units) and Mexico (264K units) were the main destinations of smoothing iron exports from China, together comprising 30% of total exports.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +16.9%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for smoothing iron exported from China were the United States ($7.6M), Russia ($4.9M) and Japan ($2.1M), together comprising 30% of total exports. These countries were followed by Mexico, Vietnam, the United Arab Emirates, Germany, Malaysia, the Netherlands, Kazakhstan, Indonesia, Saudi Arabia and Brazil, which together accounted for a further 28%.
Mexico, with a CAGR of +15.8%, recorded the highest growth rate of 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 February 2023, the smoothing iron price stood at $10.4 per unit (FOB, China), with an increase of 3.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 5.9% m-o-m. Over the period under review, the average export prices attained the peak figure at $11.2 per unit in February 2022; however, from March 2022 to February 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($16.1 per unit), while the average price for exports to Indonesia ($5.4 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the smoothing iron market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512370 - Electric smoothing irons
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023