Asia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Asia

The Asian gravimetric filling machine market surged to $X in 2022, increasing by 35% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Asia

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 273% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports in Asia

In 2022, the amount of automatic gravimetric filling machines exported in Asia surged to X units, jumping by 16% on the previous year. In general, exports showed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 116% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, gravimetric filling machine exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 18%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted slightly in the following year.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 87% of total exports in 2022. It was distantly followed by Singapore (X units), committing a 6.3% share of total exports. The following exporters - Japan (X units) and India (X units) - together made up 4.6% of total exports.

China was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +11.3% from 2012 to 2022. At the same time, India (+6.9%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Singapore (-3.4%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-3.1 p.p.) and Singapore (-13.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gravimetric filling machine supplying countries in Asia were Japan ($X), China ($X) and Singapore ($X), together accounting for 93% of total exports.

Singapore, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, reducing by -16.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. 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 remained at a lower figure.

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 Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.7%), while the other leaders experienced mixed trends in the export price figures.

Gravimetric Filling Machine Imports

Imports in Asia

Gravimetric filling machine imports fell markedly to X units in 2022, dropping by -20.8% against the previous year's figure. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 132%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, gravimetric filling machine imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the main importing country with an import of around X units, which finished at 35% of total imports. It was distantly followed by Singapore (X units), Thailand (X units), Myanmar (X units) and the Philippines (X units), together comprising a 42% share of total imports. China (X units), Pakistan (X units), Iraq (X units), Hong Kong SAR (X units) and India (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported automatic gravimetric filling machines in Asia, comprising 24% of total imports. The second position in the ranking was taken by India ($X), with a 9.5% share of total imports. It was followed by Thailand, with a 7.4% share.

In China, gravimetric filling machine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+4.3% per year) and Thailand (-3.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, picking up by 11% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 an increase of 185%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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