Report Update: May 1, 2024

China - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Machinery Electrical Parts Price in China - 2021

Machinery Electrical Parts Price in China (FOB) - 2021

In December 2021, the average machinery electrical parts export price amounted to $76,480 per ton, rising by 14% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $83,766 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($82,396 per ton), while the average price for exports to Turkey ($16,064 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery Electrical Parts Price in China (CIF) - 2022

In 2021, the average machinery electrical parts import price amounted to $141,040 per ton, increasing by 49% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 78%. Over the period under review, average import prices hit record highs at $214,435 per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($1,975,083 per ton), while the price for Sweden ($16,143 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Machinery Electrical Parts Exports in China

In 2022, machinery electrical parts exports from China contracted to 27K tons, which is down by -11.7% against 2021 figures. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of 30K tons, and then reduced in the following year.

In value terms, machinery electrical parts exports soared to $2.6B in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Machinery Electrical Parts in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	26.4	16.6	49.8	993	235.1%
United States	109	117	110	213	25.0%
Mexico	49.7	42.7	59.7	81.7	18.0%
Malaysia	11.8	22.8	24.9	47.8	59.4%
Vietnam	60.3	82.3	106	14.2	-38.2%
Hong Kong SAR	808	N/A	N/A	N/A	0%
South Korea	58.8	55.3	99.4	N/A	30.0%
Japan	72.5	75.7	123	N/A	30.3%
India	41.1	30.6	34.9	N/A	-7.9%
Others	281	1,147	1,607	1,282	65.9%
Total	1,519	1,590	2,215	2,632	20.1%

Top Export Markets for Machinery Electrical Parts from China in 2022:

Poland (21.7K tons)
United States (2.9K tons)
Mexico (1.7K tons)
Malaysia (0.4K tons)
Vietnam (0.1K tons)

Machinery Electrical Parts Imports in China

In 2021, after two years of growth, there was significant decline in purchases abroad of electrical parts of machinery or apparatus, when their volume decreased by -29% to 10K tons. Over the period under review, total imports indicated a notable increase from 2019 to 2021: its volume increased at an average annual rate of +3.4% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 51%. As a result, imports attained the peak of 14K tons, and then shrank remarkably in the following year.

In value terms, machinery electrical parts imports rose notably to $1.4B in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Machinery Electrical Parts in China (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Malaysia	255	303	378	21.8%
Japan	607	402	378	-21.1%
South Korea	51.2	90.4	78.5	23.8%
Mexico	60.3	27.6	38.9	-19.7%
Thailand	48.4	32.8	33.6	-16.7%
Philippines	59.5	26.0	29.0	-30.2%
Costa Rica	39.8	26.7	20.3	-28.6%
Vietnam	13.9	13.3	18.7	16.0%
United States	26.1	14.8	18.6	-15.6%
Germany	34.4	14.4	15.7	-32.4%
Hungary	9.8	4.2	6.2	-20.5%
Indonesia	7.8	4.1	4.7	-22.4%
Taiwan (Chinese)	133	N/A	N/A	0%
Others	97.5	408	426	109.0%
Total	1,444	1,367	1,446	0.1%

Top Suppliers of Machinery Electrical Parts to China in 2022:

South Korea (1034.4 tons)
Thailand (987.9 tons)
Japan (891.4 tons)
Vietnam (752.8 tons)
Germany (737.4 tons)
Hungary (198.4 tons)
Malaysia (191.3 tons)
United States (181.2 tons)
Costa Rica (174.1 tons)
Philippines (142.7 tons)
Indonesia (123.0 tons)
Mexico (80.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machinery electrical parts 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 27903390 - Electrical parts of machinery or apparatus, n.e.c.

Country coverage:

China

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023