China: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in China

In 2022, the Chinese market for turbo, rotary and reciporating displacement compressors increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Turbo, Rotary and Reciporating Displacement Compressors in China

In value terms, production of turbo, rotary and reciporating displacement compressors shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted pronounced growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from China

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors fell modestly to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Japan (X units), the United States (X units) and Germany (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from China, together comprising X% of total exports. Indonesia, India, South Korea, the UK, Vietnam, the Netherlands, Russia, Thailand, the Czech Republic and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Japan ($X) were the largest markets for turbo, rotary and reciporating displacement compressor exported from China worldwide, with a combined X% share of total exports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw moderate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the Czech Republic ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into China

In 2022, supplies from abroad of turbo, rotary and reciporating displacement compressors decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors plummeted to $X in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), Brazil (X units) and Germany (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to China, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to China were Germany ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports. Brazil, Italy, South Korea, India, Thailand, Austria, Romania, the Czech Republic, Poland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, faced a deep contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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