Asia: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Asia

After two years of decline, the Asian fruit-preparation industrial machinery market increased by 0.9% to $X in 2021. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.5% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fruit-Preparation Industrial Machinery Production in Asia

In value terms, fruit-preparation industrial machinery production totaled $X in 2021 estimated in export price. Over the period under review, production posted strong growth. The growth pace was the most rapid in 2018 with an increase of 55%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports in Asia

For the fourth year in a row, Asia recorded growth in shipments abroad of industrial machinery for the preparation of fruits, nuts or vegetables, which increased by 42% to X units in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 1,286%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, fruit-preparation industrial machinery exports soared to $X in 2021. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 96% of total exports in 2021. India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +13.4% from 2012 to 2021. At the same time, India (+26.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +26.1% from 2012-2021. While the share of China (+6.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fruit-preparation industrial machinery supplier in Asia, comprising 60% of total exports. The second position in the ranking was held by India ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +12.3%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, waning by -16.3% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 867% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.0%).

Fruit-Preparation Industrial Machinery Imports

Imports in Asia

In 2021, purchases abroad of industrial machinery for the preparation of fruits, nuts or vegetables was finally on the rise to reach X units after two years of decline. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery imports rose markedly to $X in 2021. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Qatar was the largest importing country with an import of about X units, which reached 34% of total imports. Malaysia (X units) ranks second in terms of the total imports with an 11% share, followed by China (7.7%), Turkey (6.9%) and Kyrgyzstan (5.2%). Hong Kong SAR (X units), India (X units), Kazakhstan (X units), Israel (X units), the United Arab Emirates (X units), Singapore (X units), Thailand (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fruit-preparation industrial machinery imports into Qatar stood at +21.3%. At the same time, Taiwan (Chinese) (+46.8%), Kyrgyzstan (+29.6%), the United Arab Emirates (+19.8%), Israel (+17.2%), Kazakhstan (+14.2%), India (+12.7%), Malaysia (+12.1%), China (+11.4%), Thailand (+7.8%) and Turkey (+5.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of +46.8% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-9.2%) illustrated a downward trend over the same period. Qatar (+18 p.p.), Kyrgyzstan (+3.9 p.p.) and Taiwan (Chinese) (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Turkey and Hong Kong SAR saw its share reduced by -3.6%, -4.2% and -17.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Turkey ($X) were the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. The United Arab Emirates, Israel, Malaysia, Thailand, Hong Kong SAR, Kazakhstan, Taiwan (Chinese), Singapore, Qatar and Kyrgyzstan lagged somewhat behind, together accounting for a further 27%.

The United Arab Emirates, with a CAGR of +25.3%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the import price in Asia amounted to $X per unit, dropping by -30.2% against the previous year. Overall, the import price saw a noticeable contraction. The growth pace was the most rapid in 2020 when the import price increased by 34% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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