China - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steering Wheels and Columns in China - 2023
Contents:
- Price for Steering Wheels and Columns in China (FOB) - 2023
- Price for Steering Wheels and Columns in China (CIF) - 2023
- Exports of Steering Wheels and Columns in China
- Imports of Steering Wheels and Columns in China
Price for Steering Wheels and Columns in China (FOB) - 2023
The average steering wheels and columns export price stood at $8,193 per ton in September 2023, increasing by 2.8% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% m-o-m. As a result, the export price attained the peak level of $9,224 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($16,376 per ton), while the average price for exports to Mexico ($5,657 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steering Wheels and Columns in China (CIF) - 2023
In September 2023, the average steering wheels and columns import price amounted to $19,501 per ton, dropping by -3.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices hit record highs at $22,184 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Romania ($89,082 per ton), while the price for India ($5,623 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steering Wheels and Columns in China
In 2022, exports of steering wheels, steering columns and steering boxes from China stood at 362K tons, picking up by 10% on 2021 figures. The total export volume increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, steering wheels and columns exports rose rapidly to $2.8B in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Steering Wheels and Columns in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 518 | 437 | 566 | 586 | 4.2% |
Mexico | 166 | 155 | 221 | 271 | 17.7% |
South Korea | 171 | 215 | 206 | 236 | 11.3% |
Thailand | 121 | 94.4 | 140 | 171 | 12.2% |
Brazil | 59.1 | 52.8 | 87.1 | 109 | 22.6% |
Germany | 64.6 | 54.2 | 93.9 | 103 | 16.8% |
India | 91.7 | 72.5 | 95.0 | 95.4 | 1.3% |
Canada | 36.5 | 41.7 | 51.0 | 83.1 | 31.6% |
United Arab Emirates | 6.0 | 34.0 | 41.2 | 75.2 | 132.3% |
Russia | 63.5 | 58.4 | 84.6 | 74.1 | 5.3% |
Malaysia | 36.4 | 43.1 | 60.0 | 65.2 | 21.4% |
Poland | 25.3 | 24.5 | 39.8 | 60.9 | 34.0% |
Indonesia | 26.1 | 15.9 | 28.4 | 41.8 | 17.0% |
Others | 669 | 578 | 769 | 864 | 8.9% |
Total | 2,054 | 1,877 | 2,483 | 2,836 | 11.4% |
Top Export Markets for Steering Wheels and Columns from China in 2022:
- United States (83.9K tons)
- Mexico (44.8K tons)
- Thailand (19.8K tons)
- Canada (14.8K tons)
- South Korea (14.1K tons)
- Brazil (13.0K tons)
- Germany (12.0K tons)
- India (10.5K tons)
- Russia (9.9K tons)
- United Arab Emirates (9.0K tons)
- Malaysia (7.7K tons)
- Indonesia (6.8K tons)
- Poland (6.5K tons)
Imports of Steering Wheels and Columns in China
In 2022, steering wheels and columns imports into China declined to 82K tons, shrinking by -5.5% against 2021. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 9%.
In value terms, steering wheels and columns imports contracted to $1.5B in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $1.7B, and then declined in the following year.
Import of Steering Wheels and Columns in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 477 | 484 | 606 | 454 | -1.6% |
Japan | 324 | 306 | 354 | 356 | 3.2% |
Hungary | 135 | 112 | 167 | 166 | 7.1% |
South Korea | 126 | 99.5 | 112 | 78.8 | -14.5% |
United States | 108 | 112 | 96.3 | 75.6 | -11.2% |
Slovakia | 4.3 | 8.7 | 41.3 | 55.3 | 134.3% |
Liechtenstein | N/A | 41.5 | 50.3 | 53.1 | 13.1% |
France | 33.1 | 36.7 | 36.5 | 41.6 | 7.9% |
Switzerland | 51.6 | 6.6 | 8.0 | 8.0 | -46.3% |
Malaysia | 22.5 | 16.1 | 12.2 | 4.0 | -43.8% |
Others | 182 | 185 | 240 | 249 | 11.0% |
Total | 1,463 | 1,409 | 1,725 | 1,543 | 1.8% |
Top Suppliers of Steering Wheels and Columns to China in 2022:
- Japan (17.3K tons)
- Germany (15.8K tons)
- South Korea (13.3K tons)
- Liechtenstein (5.9K tons)
- Hungary (5.4K tons)
- Slovakia (4.2K tons)
- United States (4.0K tons)
- France (3.0K tons)
- Switzerland (1.2K tons)
- Malaysia (0.6K tons)
This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof
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
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Exports of Steering Wheels And Columns declined slightly to $287M in June 2023.
In February of 2023, the cost of the bumper price was $28.9 per kilogram when measured with the Cost, Insurance, and Freight (CIF) pricing model in China. This reflects a 12% increase compared to the previous month.
In February 2023, the price of clutch was $6,213 per ton FOB, China, representing a 3.7% increase from the previous month.
In value terms, road wheel exports rose modestly to $622M in April 2023.
In value terms, safety seat belt imports amounted to $10M in April 2023.
In September 2022, the suspension system price amounted to $4,864 per ton (FOB, China), rising by 3.5% against the previous month.
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