Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China - 2024
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (FOB) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (CIF) - 2022
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (FOB) - 2022
In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $1,712 per unit, increasing by 33% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by 44%. As a result, the export price attained the peak level of $2,515 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($5,236 per unit), while the average price for exports to Spain ($171 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 Indonesia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (CIF) - 2022
In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $1,512 per unit, with an increase of 20% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 41%. As a result, import price reached the peak level of $4,147 per unit. From 2015 to 2022, the average import prices remained at a 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 Finland ($5,991 per unit), while the price for Italy ($512 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China
Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from China contracted to 35K units in 2022, approximately reflecting 2021 figures. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports attained the peak of 35K units, and then declined slightly in the following year.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs skyrocketed to $60M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +66.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.6 | 3.1 | 3.2 | 5.5 | 15.2% |
| Australia | 2.4 | 2.5 | 2.8 | 3.8 | 16.6% |
| Russia | 2.0 | 1.1 | 1.7 | 2.0 | 0.0% |
| Vietnam | 2.3 | 2.4 | 1.6 | 1.9 | -6.2% |
| Japan | 0.6 | 0.4 | 0.6 | 1.6 | 38.7% |
| United States | 1.4 | 0.7 | 0.7 | 0.9 | -13.7% |
| South Africa | 1.1 | 0.6 | 0.6 | 0.8 | -10.1% |
| Canada | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| India | 1.0 | 0.7 | 0.8 | 0.5 | -20.6% |
| Germany | 0.2 | 0.3 | 0.5 | 0.4 | 26.0% |
| Kazakhstan | 0.8 | 0.1 | 0.2 | 0.4 | -20.6% |
| Turkey | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Spain | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Others | 31.7 | 23.6 | 32.0 | 40.9 | 8.9% |
| Total | 47.7 | 35.9 | 45.6 | 59.8 | 7.8% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from China in 2022:
- Russia (6.1K units)
- Japan (3.6K units)
- Vietnam (2.0K units)
- Australia (1.9K units)
- Canada (1.7K units)
- India (1.5K units)
- United States (1.3K units)
- Germany (1.2K units)
- South Africa (1.1K units)
- Indonesia (1.1K units)
- Turkey (0.9K units)
- Spain (0.8K units)
- Kazakhstan (0.6K units)
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China
In 2022, purchases abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs decreased by -36.4% to 3.4K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year. Imports peaked at 5.3K units in 2021, and then fell markedly in the following year.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs shrank rapidly to $5.1M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $6.7M, and then fell notably in the following year.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,455 | 1,854 | 4,075 | 2,315 | -1.9% |
| United States | 434 | 874 | 543 | 1,204 | 40.5% |
| Finland | 321 | 156 | 194 | 383 | 6.1% |
| Italy | 424 | 510 | 652 | 194 | -22.9% |
| New Zealand | 172 | 167 | 90.5 | 115 | -12.6% |
| Denmark | 20.9 | 29.3 | 14.5 | 52.6 | 36.0% |
| France | 0.9 | N/A | 370 | 1.2 | 10.1% |
| Others | 990 | 904 | 747 | 838 | -5.4% |
| Total | 4,819 | 4,494 | 6,684 | 5,104 | 1.9% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to China in 2022:
- Germany (2425.0 units)
- Italy (378.0 units)
- United States (208.0 units)
- Denmark (72.0 units)
- Finland (64.0 units)
- New Zealand (56.0 units)
- France (2.0 units)
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