Asia: Food Mixer Market 2024

Food Mixer Market Size in Asia

The Asian food mixer market skyrocketed to $X in 2022, surging by 26% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Food Mixer Production in Asia

In value terms, food mixer production reached $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.4% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Food Mixer Exports

Exports in Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of domestic food grinders and mixers and fruit or vegetable juice extractors, when their volume decreased by -26% to X units. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 26%. The volume of export peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, food mixer exports dropped notably to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +38.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

The biggest shipments were from China (X units), together accounting for 96% of total export.

China was also the fastest-growing in terms of the domestic food grinders and mixers and fruit or vegetable juice extractors exports, with a CAGR of +3.7% from 2012 to 2022. China (+6 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) also remains the largest food mixer supplier in Asia.

In China, food mixer exports increased at an average annual rate of +6.3% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, rising by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 an increase of 19%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.6% per year.

Food Mixer Imports

Imports in Asia

In 2022, after five years of growth, there was significant decline in supplies from abroad of domestic food grinders and mixers and fruit or vegetable juice extractors, when their volume decreased by -13% to X units. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, food mixer imports reduced notably to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Thailand (X units), Malaysia (X units), Japan (X units), South Korea (X units) and Indonesia (X units) were the main importers of domestic food grinders and mixers and fruit or vegetable juice extractors, together committing 60% of total imports. Turkey (X units), Vietnam (X units), Israel (X units), India (X units), Bangladesh (X units) and Kazakhstan (X units) held a minor 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 Iraq (with a CAGR of +20.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 32% share of total imports.

Iraq, with a CAGR of +19.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, falling by -13.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.5%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while Thailand ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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