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Industries with the Biggest Decline in Exports in China in 2023

Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Industries with the Biggest Decline in Exports in China in 2023

The 10 Industries with the Biggest Decline in Exports in China

Industry
Decline in Exports for 2023
1.

Logging in China

-7.2%
2.

Audio Equipment Manufacturing in China

-6.2%
3.

Sawmills in China

-4.5%
4.

Motorcycle Manufacturing in China

-3.0%
5.

Sheep and Cattle Farming in China

-2.7%
6.

Cooking Oil Production in China

-1.7%
7.

Camera Equipment Manufacturing in China

-1.5%
8.

Frozen Seafood Processing in China

-0.7%
9.

Book, Magazine and Periodical Printing in China

0.2%
10.

Air-Conditioner Manufacturing in China

0.8%

Want to see more industries with the biggest decline in exports?

View a list of the Top 25 industries with the biggest decline in exports

Industries with the Biggest Decline in Exports in China in 2023

  • 1. Logging in China

    Decline in Exports for 2023: -7.2%

    As a steadily growing economy, China's demand for wood materials has grown at a volatile rate over the past five years. Real estate industries, infrastructure construction and furniture manufacturing industries are currently the major downstream consumers of logs, wood and timber in China. As local forest resources are scarce, the Logging industry relies considerably on imports.

    Industry revenue is expected to fall at an annualized 1.5% over the five years through 2022, to $22.8 billion. This trend includes an expected decline of 3.5% in the current year. In 2016, the real estate inventory policy helped the real estate sector recover, which... Learn More

  • 2. Audio Equipment Manufacturing in China

    Decline in Exports for 2023: -6.2%

    China is the largest production base for audio products in the world, and exports have been one of the main sources of industry revenue for decades. However, with rising incomes and cheaper products on the market, domestic demand has been increasing steadily to become the major source of industry revenue.

    Industry revenue is expected to total $28.0 billion in 2022, increasing 2.6% from the previous year. Overall, industry revenue has grown at an annualized rate of 1.3% over the five years through 2022. Over the same period, exports decreased at an annualized rate of 10.7%, largely due to decrease in international... Learn More

  • 3. Sawmills in China

    Decline in Exports for 2023: -4.5%

    China's increasing urbanization rate, which jumped from 60.2% in 2017 to 65.2% in 2022, has bolstered demand for construction wood, wood for decoration and wood furniture over the past five years. The rapid development of transportation infrastructure has also raised demand for special timbers and sleepers. These factors have benefited the Sawmill industry, causing industry revenue to increase at an annualized 4.5% over the five years through 2023, to total $28.0 billion. This includes a 4.1% increase in 2023. High purchasing and labor costs lead to low profitability, profit is account for 4.3% of total revenue in 2023.

    Due to inadequate... Learn More

  • 4. Motorcycle Manufacturing in China

    Decline in Exports for 2023: -3.0%

    The development of the Motorcycle Manufacturing industry in China has been affected by more restrictive policy and the popularity of automobiles in recent years. Revenue for the Motorcycle Manufacturing in China has increased at a CAGR of 0.2% to $25.3 billion over the past five years, including a decreasing rate of 8.3% in 2023 alone, when profit will be 4.9%.

    The Government in China has continuously issued industry policies to encourage the use of green vehicles such as new energy vehicles to travel. With the gradual penetration of energy conservation and emission reduction awareness in daily life, increasingly congested urban traffic... Learn More

  • 5. Sheep and Cattle Farming in China

    Decline in Exports for 2023: -2.7%

    Revenue for the Sheep and Cattle Farming industry in China is expected to increase at an annualized 7% over the five years through 2022, to $144.1 billion. This includes an expected revenue increase of 3.8% in the current year. Domestic demand for beef and mutton in China is expected to increase at an annualized 7.1% over the five years through 2022, due to China's rising population and improved living standards. In addition, the prices of these meats have steadily increased over the past five years.

    The industry's profit margins have declined over the past five years due to rising raw material... Learn More

  • 6. Cooking Oil Production in China

    Decline in Exports for 2023: -1.7%

    The Cooking Oil Production industry in China has grown its revenue rapidly over the past five years, mainly due to increased industry capacity and high domestic demand. As the country has changed its economic focus from exports to domestic demand and increased living standards, cooking oil consumption in China is expected to maintain a strong growth trend over the period. ACMR-IBISWorld expects industry revenue to total $306.6 billion in 2022, up 4.9% for the year. Over the five years through 2022, revenue has grown at an annualized 4.9%.

    The small-package cooking oil segment accounted for 15.0% of total industry revenue in... Learn More

  • 7. Camera Equipment Manufacturing in China

    Decline in Exports for 2023: -1.5%

    Revenue for the Camera Equipment Manufacturing industry in China is expected to decrease at an annualized 0.9% over the five years through 2022, to $9.5 billion. This includes an anticipated decline of 0.4% in the current year. The four largest industry players, Foshan Pulihua, Canon, Sony and Fujifilm, are expected to account for 70.7% of industry revenue in 2022.

    China has become the world's largest production base for camera equipment. In addition, digital cameras have replaced traditional film cameras as the industry's main product, with digital single-lens reflex (DSLR) cameras and mirrorless cameras becoming increasingly popular with consumers. Digital cameras are... Learn More

  • 8. Frozen Seafood Processing in China

    Decline in Exports for 2023: -0.7%

    China is one of the largest seafood-consuming countries in the world. Seafoods have the characteristics of low fat content, high protein content, and rich in various trace elements, which cater to the current market trend of pursuing healthy food and drink. As the largest part of aquatic processing products, frozen seafood products account for about 70.0% of the total output. Industry revenue is expected to decrease at an annualized 1.3% over the five years through 2022, to $67.4 billion. Revenue for the Frozen Seafood Processing industry is expected to decrease by 0.8% in 2022. Due to the COVID-19 outbreak in... Learn More

  • 9. Book, Magazine and Periodical Printing in China

    Decline in Exports for 2023: 0.2%

    The Book, Magazine and Periodical Printing industry has a long history in China. Despite growing competition from online publishing, China's printing sector has maintained steady growth in the past five years. Digital publications are unlikely to completely displace printed materials in China.

    In the five years through 2022, industry revenue is expected to increase by an annualized 2.1% to total $24.7 billion, including a 4.5% increase in 2022. Approximately 1,431 enterprises operate in the industry, employing about 206,147 people. Industry exports account for 7.7% of total industry revenue, totaling an estimated $1.9 billion for 2022. Imports account for 4.4% of domestic... Learn More

  • 10. Air-Conditioner Manufacturing in China

    Decline in Exports for 2023: 0.8%

    Revenue for the Air-Conditioner Manufacturing industry in China is expected to decline at an annualized 3.6% over the five years through 2022 from a high base year, to total $76.3 billion. This trend includes an expected decrease of 7.3% in the current year. Approximately 190 enterprises are expected to operate in the industry over the period, employing an estimated 291,114 people with a payroll of $5.0 billion.

    Investment from both domestic and foreign enterprises operating in the industry has increased significantly over the past five years, especially in the room air-conditioner (RAC) manufacturing segment. The major manufacturers in the world including... Learn More

More Industry Trends

Biggest Exporting Industries in China in 2023

Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Biggest Exporting Industries in China in 2023

VIEW ARTICLE

Fastest Growing Industries in China in 2023

Based on the expert analysis and our database of 280+ China industries, IBISWorld presents a list of the Fastest Growing Industries in China by Revenue Growth (%) in 2023

VIEW ARTICLE

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