Updated Jan 12, 2023 02:31

Market for Ceramic Wares For Laboratory Or Technical Uses in China

Market Overview
In , the Chinese market for ceramic wares for laboratory or technical uses decreased by -% to $, falling for the second year in a row after four years of growth. Overall, consumption showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of %. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, production of ceramic wares for laboratory or technical uses reduced to $ in estimated in export price. In general, the total production indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. Production of peaked at $ in 2019; however, from to , production failed to regain momentum.


Consumption
In , consumption of ceramic wares for laboratory or technical uses decreased by -% to tons, falling for the second year in a row after two years of growth. Overall, consumption showed a abrupt decline. Over the period under review, consumption of attained the maximum volume at tons in 2008; however, from 2009 to , consumption remained at a lower figure.

The size of the market for ceramic wares for laboratory or technical uses in China fell significantly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of %. Consumption of peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for ceramic wares for laboratory or technical uses in China, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen years (from % to %). Over the period under review, the share of imports in terms of total ceramic wares for laboratory or technical uses consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China ceramic wares for laboratory or technical uses market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
China remains a net exporter of ceramic wares for laboratory or technical uses; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.