With production value of USD29.7 billion, China accounts for 74.6% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 6.7% of total production output. The industry’s profitability decreases and stands at 10.9% of production value in 2023, the 11th highest regionally. The costs of the industry decrease by 2.1% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 7.8% of total production value in 2023. Metallurgical Corp of China Ltd is the largest company in China, generating 3.6% of the industry’s total production value in 2023. China has the largest market size for machinery for metallurgy regionally, with demand reaching USD30.2 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 1.6% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Metallurgy in China: ISIC 2923. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Metallurgy in China: ISIC 2923 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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