China is a world factory for amusement rides sold in both America and Europe.
This means, park owners, product resellers, distributors, and OEM business import all amusement park rides from China.
The process includes a series of steps that will affect the amusement rides prices.
Some of the key factors to consider when importing these products from China amusement rides manufacturers include:
1. The Shipping Cost from China Affect Amusement Rides Prices
The shipping cost is one of the core factors for any business.
Many importers will consider this affair first when importing amusement rides from China.
Whatever the distance is, say from China to North America or China to Europe.
Chinese companies have measures to reduce shipping costs.
A number of Chinese factories have adopted Full Container Load (FCL).
This resolves the problem of shipping large size amusement rides cost to a manageable range of $3000 to $10,000.
The good thing is, these companies will always ship to your park site.
Therefore, the amusement rides prices are quite affordable – there are no extra costs.
2. Consider Material Used to Make Amusement Rides
Here is the deal:
Amusement rides are manufactured from a wide range of materials.
The amusement rides prices imported from China will mainly depend on the cost of raw materials in China.
Actually, frp and steels are the major materials used to produce amusement park rides.
Generally, the best way to know the cost of frp and steels is to contact the manufacturers.
What makes it better:
Recently, the Chinese government has adopt measures to improve industrial growth.
This involves a number of economic stimulus and encourage exportation.
Good examples are:
Cost of Steels
It is well known that China is the world producer of steels.
Steel products from China accounts for almost half the world’s demand.
The good news is:
Chinese government has removed taxes on aluminum and steel products.
This aimed to increase exports and reduce domestic oversupply.
This has even reduced the cost of steel products, which is a key material used in amusement rides fabrication.
The importers can now benefit from this low cost.
Thus, a low cost of amusement rides.
Fiberglass Reinforced Plastics
China has increased its frp production efforts.
At the moment, Asia accounts for about 60% world’s total demand for frp.
According to Bayer Material Science, China alone constitutes 50%.
Since 2015, the cost of frp has reduced significantly, making it affordable for amusement rides manufacturers and suppliers.
3.Government Import And Export Taxes also Affect Amusement Rides Prices
Here is the deal:
To promote trade, the Chinese government has reduced most if its import and export taxes to nearly 0%.
A good example is steel products, where export taxes were reduced early in recent years.
Even if your government (for importing company or business) imposes some taxes, it is slightly low since most taxes are around 5%.
However, there are those countries where import taxes are almost 0%.
4.China Offers are Affordable to Reduce Production Costs
Cost of labor has a positive impact on amusement rides prices imported from China.
According to World Bank’s Labor Report, China has the largest workforce.
It is also affordable to produce in China due to slightly lower wage than in Europe or America.
It cuts the price of the final product by almost half the market price.
In short, these are the main 4 factors that may affect the amusement rides price imported from China.
To enjoy some of these benefits, it is important that one gets a reputable, reliable and transparent amusement rides manufacturing company.