Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China - 2024

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China (FOB) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China (CIF) - 2024
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $8,348 per ton, with a decrease of -11.5% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machines and mechanical appliances; parts, of those having individual functionses decreased by -14.5% against 2020 indices. The growth pace was the most rapid in 2019 when the average export price increased by 28%. The export price peaked at $9,762 per ton in 2020; however, from 2021 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 Vietnam ($16,856 per ton), while the average price for exports to Chile ($1,619 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China (CIF) - 2024

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $65,451 per ton in February 2024, with an increase of 29% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.8%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 32% against the previous month. Over the period under review, average import prices attained the peak figure in February 2024.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Singapore ($196K per ton), while the price for Spain ($3,718 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Singapore (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China

In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from China skyrocketed to 257K tons, picking up by 40% compared with 2021. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses surged to $2.1B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from China in 2022:

1. United States (39.3K tons)
2. Germany (25.2K tons)
3. Chile (19.5K tons)
4. Japan (15.1K tons)
5. Brazil (9.3K tons)
6. India (8.7K tons)
7. Vietnam (8.0K tons)
8. Indonesia (7.9K tons)
9. Spain (7.5K tons)
10. Malaysia (6.6K tons)
11. Russia (6.2K tons)
12. Italy (5.4K tons)
13. Australia (5.2K tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in China

In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses imported into China fell remarkably to 29K tons, with a decrease of -20.3% compared with the previous year. Overall, imports saw a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, imports reached the peak of 37K tons, and then reduced dramatically in the following year.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell slightly to $1.5B in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to China in 2022:

1. Germany (7.1K tons)
2. South Korea (5.1K tons)
3. Japan (4.4K tons)
4. United States (1.4K tons)
5. Singapore (1.1K tons)
6. Sweden (1.1K tons)
7. Italy (1.0K tons)
8. Taiwan (Chinese) (1.0K tons)
9. Spain (1.0K tons)
10. Netherlands (0.9K tons)
11. Malaysia (0.8K tons)

Source: IndexBox Market Intelligence Platform