Asia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Asia

The Asian filling containers machinery market reached $X in 2021, with an increase of 4.4% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 -8.1% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Filling Containers Machinery Production in Asia

In value terms, filling containers machinery production shrank slightly to $X in 2021 estimated in export price. Overall, production saw a mild descent. The growth pace was the most rapid in 2019 with an increase of 35%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Filling Containers Machinery Exports

Exports in Asia

For the fifth consecutive year, Asia recorded growth in shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by 11% to X units in 2021. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 45%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, filling containers machinery exports expanded markedly to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 19% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 74% of total exports in 2021. India (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together held approx. 10% share of total exports. Japan (X units), Israel (X units), Turkey (X units) and South Korea (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the machinery for filling, closing, sealing, capsuling or labelling containers exports, with a CAGR of +15.4% from 2012 to 2021. At the same time, Turkey (+13.0%), Israel (+8.3%), South Korea (+4.9%) and India (+2.8%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.9%) illustrated a downward trend over the same period. China (+25 p.p.) significantly strengthened its position in terms of the total exports, while India, Japan and Taiwan (Chinese) saw its share reduced by -4.3%, -5.1% and -10.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest filling containers machinery supplier in Asia, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports. It was followed by Israel, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +12.2%. In the other countries, the average annual rates were as follows: Japan (-0.7% per year) and Israel (+11.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, remaining constant against the previous year. Overall, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 16%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the other leaders experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports in Asia

In 2021, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were imported in Asia; growing by 11% on 2020. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X units), South Korea (X units), Thailand (X units), India (X units), Iraq (X units), Japan (X units), the United Arab Emirates (X units), Turkey (X units), Vietnam (X units), Bangladesh (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) represented the major importer of machinery for filling, closing, sealing, capsuling or labelling containers in Asia, committing 79% of total import. Malaysia (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 18% of total imports. Turkey, Indonesia, Japan, the United Arab Emirates, Vietnam, Iraq, Bangladesh, Taiwan (Chinese), Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, the United Arab Emirates, with a CAGR of +19.8%, saw the highest growth rate of 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 2021, the import price in Asia amounted to $X per unit, declining by -2.3% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of 7.8%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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