Eastern Asia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Eastern Asia

The East Asian food manufacture machinery market fell modestly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption saw a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Production in Eastern Asia

In value terms, food manufacture machinery production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports in Eastern Asia

In 2022, overseas shipments of machinery for the preparation or manufacture of food or drink increased by X% to X units, rising for the fourth year in a row after four years of decline. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, food manufacture machinery exports expanded markedly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest food manufacture machinery supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total exports.

In China, food manufacture machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Food Manufacture Machinery Imports

Imports in Eastern Asia

Food manufacture machinery imports soared to X units in 2022, increasing by X% compared with the previous year's figure. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, food manufacture machinery imports rose slightly to $X in 2022. Overall, imports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importing country with an import of about X units, which finished at X% of total imports. Hong Kong SAR (X units) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X units) and South Korea (X units). All these countries together held near X% share of total imports. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for the preparation or manufacture of food or drink imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Japan, South Korea and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported machinery for the preparation or manufacture of food or drink in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, food manufacture machinery imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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