Snow Motor Vehicle Market in China
In value terms, snow motor vehicle production reached $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2018; afterwards, it flattened through to .
The revenue of the snow motor vehicle market in China expanded rapidly to $ in , with an increase 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). In general, consumption continues to indicate buoyant growth. Snow motor vehicle consumption peaked at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.