South-Eastern Asia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in South-Eastern Asia

The Southeast Asian food manufacture machinery market soared to $X in 2022, jumping by X% against the previous year. The total consumption indicated mild growth 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, consumption increased by X% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Production in South-Eastern Asia

In value terms, food manufacture machinery production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of machinery for the preparation or manufacture of food or drink increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery exports surged to $X in 2022. Overall, exports continue to indicate a mild expansion. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. The following exporters - the Philippines (X units), Thailand (X units), Vietnam (X units) and Malaysia (X units) - together made up X% of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest food manufacture machinery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Food Manufacture Machinery Imports

Imports in South-Eastern Asia

In 2022, approx. X units of machinery for the preparation or manufacture of food or drink were imported in South-Eastern Asia; jumping by X% compared with 2021. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, food manufacture machinery imports skyrocketed to $X in 2022. In general, imports, however, saw a mild descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of machinery for the preparation or manufacture of food or drink, namely Singapore, Malaysia, Thailand, the Philippines and Indonesia, represented more than two-thirds of total import. It was distantly followed by Vietnam (X units), committing a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports. Malaysia, Singapore and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :