Asia: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Asia

In 2022, the Asian confectionery-making industrial machinery market increased by 2.9% to $X, rising for the second year in a row after two years of decline. In general, consumption posted resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Asia

In value terms, confectionery-making industrial machinery production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 326% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports in Asia

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 14% to X units, rising for the seventh consecutive year after two years of decline. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, confectionery-making industrial machinery exports rose slightly to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +69.8% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China (X units) and Turkey (X units) prevails in exports structure, together comprising 91% of total exports. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +21.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest confectionery-making industrial machinery supplying countries in Asia were China ($X), Turkey ($X) and South Korea ($X), with a combined 88% share of total exports.

Turkey, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with a decrease of -10.5% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 5.5%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Confectionery-Making Industrial Machinery Imports

Imports in Asia

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 5.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 43%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, confectionery-making industrial machinery imports declined to $X in 2022. In general, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Iran (X units) represented roughly 29% of total imports in 2022. It was distantly followed by India (X units), Turkey (X units), Armenia (X units) and the United Arab Emirates (X units), together achieving a 24% share of total imports. Bangladesh (X units), Kazakhstan (X units), Iraq (X units), China (X units), Japan (X units), Jordan (X units) and Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +42.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Turkey ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, with a combined 35% share of total imports. These countries were followed by Iran, the United Arab Emirates, Japan, Kazakhstan, China, Bangladesh, Jordan, Armenia, Iraq and Lebanon, which together accounted for a further 35%.

Among the main importing countries, Iraq, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of imports, 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, declining by -11.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood 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 ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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