China - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSuspension System Price in China - 2023
Contents:
- Suspension System Price in China (FOB) - 2023
- Suspension System Price in China (CIF) - 2023
- Suspension System Exports in China
- Suspension System Imports in China
Suspension System Price in China (FOB) - 2023
In September 2023, the average suspension system export price amounted to $4,397 per ton, stabilizing at the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 9.5% month-to-month. As a result, the export price reached the peak level of $5,080 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 South Korea ($6,502 per ton), while the average price for exports to Turkey ($3,217 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 the Netherlands (+1.1%), while the prices for the other major destinations experienced a decline.
Suspension System Price in China (CIF) - 2023
In September 2023, the average suspension system import price amounted to $14,505 per ton, flattening at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 14% month-to-month. Over the period under review, average import prices hit record highs at $14,965 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Slovakia ($24,127 per ton), while the price for Italy ($5,987 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 Slovakia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Suspension System Exports in China
Suspension system exports from China expanded markedly to 925K tons in 2022, surging by 7% on the year before. The total export volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, suspension system exports expanded remarkably to $4.3B in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +56.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Suspension System in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 781 | 781 | 957 | 1,049 | 10.3% |
| Mexico | 173 | 173 | 271 | 334 | 24.5% |
| Germany | 186 | 160 | 253 | 240 | 8.9% |
| Canada | 117 | 112 | 162 | 190 | 17.5% |
| Russia | 94.2 | 81.8 | 142 | 174 | 22.7% |
| Japan | 145 | 121 | 158 | 171 | 5.7% |
| South Korea | 97.7 | 113 | 130 | 130 | 10.0% |
| Brazil | 85.2 | 77.0 | 107 | 119 | 11.8% |
| Poland | 59.8 | 65.3 | 107 | 104 | 20.3% |
| United Arab Emirates | 29.0 | 55.1 | 82.7 | 102 | 52.1% |
| Nigeria | 50.6 | 44.7 | 52.9 | 85.5 | 19.1% |
| Turkey | 39.4 | 41.6 | 53.5 | 77.3 | 25.2% |
| Italy | 61.8 | 45.8 | 73.1 | 72.3 | 5.4% |
| Others | 941 | 886 | 1,291 | 1,472 | 16.1% |
| Total | 2,859 | 2,757 | 3,841 | 4,321 | 14.8% |
Top Export Markets for Suspension System from China in 2022:
- United States (211.1K tons)
- Mexico (80.3K tons)
- Germany (45.4K tons)
- Russia (41.3K tons)
- Canada (38.9K tons)
- Brazil (31.6K tons)
- Japan (28.8K tons)
- Poland (25.3K tons)
- United Arab Emirates (23.8K tons)
- Nigeria (20.8K tons)
- Turkey (19.9K tons)
- South Korea (19.0K tons)
- Italy (17.5K tons)
Suspension System Imports in China
After three years of growth, overseas purchases of suspension systems decreased by -16% to 79K tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, imports attained the peak of 94K tons, and then dropped notably in the following year.
In value terms, suspension system imports declined to $1B in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year.
| Import of Suspension System in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 290 | 382 | 381 | 322 | 3.6% |
| South Korea | 143 | 161 | 206 | 183 | 8.6% |
| Japan | 160 | 149 | 135 | 111 | -11.5% |
| Mexico | 32.5 | 48.9 | 54.3 | 100 | 45.4% |
| Spain | 35.6 | 32.9 | 43.2 | 50.5 | 12.4% |
| United States | 39.3 | 52.2 | 54.5 | 49.8 | 8.2% |
| Poland | 21.3 | 40.7 | 64.0 | 47.5 | 30.6% |
| Italy | 18.3 | 19.4 | 21.8 | 24.6 | 10.4% |
| Slovakia | 5.6 | 7.2 | 10.6 | 20.2 | 53.4% |
| India | 3.3 | 2.7 | 8.7 | 11.6 | 52.0% |
| Others | 96.2 | 115 | 151 | 127 | 9.7% |
| Total | 845 | 1,010 | 1,131 | 1,048 | 7.4% |
Top Suppliers of Suspension System to China in 2022:
- Germany (18.5K tons)
- South Korea (18.5K tons)
- Japan (10.8K tons)
- Mexico (5.8K tons)
- Spain (4.2K tons)
- Poland (3.0K tons)
- United States (2.8K tons)
- Italy (2.6K tons)
- India (1.8K tons)
- Slovakia (1.2K tons)
This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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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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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