With production value of USD44.5 billion, China accounts for 51.8% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 19.5% of total production output. The industry’s profitability decreases and stands at 7.5% of production value in 2023, the 16th highest regionally. The costs of the industry decrease by 1.8% 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 26.6% of total production value in 2023. Da Ming International Holdings Ltd is the largest company in China, generating 15.1% of the industry’s total production value in 2023. China has the largest market size for coating of metals and mechanical engineering regionally, with demand reaching USD40.9 billion in 2023. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 3.0% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Coating of Metals and Mechanical Engineering in China: ISIC 2892. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coating of Metals and Mechanical Engineering in China: ISIC 2892 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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