Asia: Centrifugal Cream Separator Market 2024

Centrifugal Cream Separator Market Size in Asia

For the third consecutive year, the Asian centrifugal cream separator market recorded decline in sales value, which decreased by -5.8% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Cream Separator Production in Asia

In value terms, centrifugal cream separator production dropped slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Centrifugal Cream Separator Exports

Exports in Asia

In 2021, overseas shipments of centrifugal cream separators increased by 72% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 221% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, centrifugal cream separator exports reduced to $X in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 256%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, China (X units) represented the key exporter of centrifugal cream separators, constituting 58% of total exports. Turkey (X units) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by India (16%). The following exporters - Singapore (X units) and Japan (X units) - each finished at a 5.3% share of total exports.

China was also the fastest-growing in terms of the centrifugal cream separators exports, with a CAGR of +50.9% from 2012 to 2021. At the same time, Turkey (+43.6%) and India (+24.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Singapore (-20.0%) illustrated a downward trend over the same period. China (+53 p.p.), Turkey (+15 p.p.) and India (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Singapore saw its share reduced by -6.1% and -67.7% from 2012 to 2021, respectively.

In value terms, the largest centrifugal cream separator supplying countries in Asia were India ($X), Turkey ($X) and Singapore ($X), together accounting for 84% of total exports.

Among the main exporting countries, Turkey, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, dropping by -43% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by 123%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.5%), while the other leaders experienced a decline in the export price figures.

Centrifugal Cream Separator Imports

Imports in Asia

In 2021, supplies from abroad of centrifugal cream separators was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 50%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, centrifugal cream separator imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Uzbekistan was the main importing country with an import of about X units, which reached 43% of total imports. Azerbaijan (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (10%), India (9.2%) and Armenia (8.8%). Georgia (X units) and Myanmar (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to centrifugal cream separator imports into Uzbekistan stood at +25.3%. At the same time, Myanmar (+55.4%), Azerbaijan (+48.1%), Georgia (+16.1%) and India (+7.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +55.4% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Armenia (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Azerbaijan and Myanmar increased by +43, +16 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported centrifugal cream separators in Asia, comprising 23% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 7.4% share of total imports. It was followed by Azerbaijan, with a 2.1% share.

In India, centrifugal cream separator imports increased at an average annual rate of +1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+48.8% per year) and Azerbaijan (+13.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, jumping by 20% against the previous year. In general, the import price, however, saw a abrupt descent. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+18.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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