According to public industry reports and news reports, the core data details of China's laser cutting equipment exports in 2024 are as follows:

📊  Core data

Total export value: 14.1 billion yuan (a year-on-year increase of 2%).

Data source: 2025 China Laser Industry Development Report (jointly issued by Wuhan Document Information Center, Chinese Academy of Sciences, China Laser Magazine and China Optical Society) 23.

🌍  Distribution of export source regions

Top 5 provinces/municipalities:

Shandong: The export volume ranks first (specific amount not disclosed), but it has decreased by nearly 13% year-on-year.

Guangdong: Second in export value, with a year-on-year growth of about 18%.

Jiangsu, Hubei, and Shanghai contributed a total export value of nearly 13.4 billion yuan, accounting for over 95% of the TOP5 total.

Hubei: The export value is 830 million yuan, ranking fourth in the country, continuing the stable performance of 2023 (Hubei's export in 2023 was 840 million yuan).

🌐  Main export destination countries

Top five: America, Vietnam, South Korea, Brazil, Türkiye 2.

Growth Highlights:

Vietnam: The year-on-year increase in export value reached 55%, with the fastest growth rate of 2.

Declining market:

Russia: Falling out of the top 12 due to foreign exchange settlement restrictions.

India: Affected by anti-dumping policies against China, exports have significantly decreased by 2.

⚙️  Industry background and challenges

Price competition: The acceleration of domestic laser substitution has triggered a price war, with the purchase price of low-power lasers decreasing by over 55% in three years, forcing equipment manufacturers to accelerate their overseas expansion.

Technical compliance: Starting from December 1, 2024, China will implement new regulations on laser export control, restricting the export of high-power short pulse equipment, but industrial high-power continuous wave laser cutting machines (such as 60kW models) are not banned; Before the new regulations come into effect, export orders (such as 60kW equipment from Pentium Laser to the United States) will still be legally delivered for 710.

📈  Data Comparison and Trends

Benchmark for 2023: The total export value of laser cutting equipment in 2023 was 13.7 billion yuan (1.95 billion US dollars), a year-on-year increase of 17%.

2024 growth rate slows down: year-on-year growth of 2%, reflecting intensified international market competition and the impact of geopolitical policies