Asia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Asia

The Asian food manufacture machinery market reached $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Food Manufacture Machinery Production in Asia

In value terms, food manufacture machinery production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Food Manufacture Machinery Exports

Exports in Asia

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were exported in Asia; growing by 38% on 2020 figures. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +12.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 62%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, food manufacture machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X units, which resulted at 42% of total exports. It was distantly followed by Taiwan (Chinese) (X units), Turkey (X units) and Japan (X units), together comprising a 46% share of total exports. India (X units), South Korea (X units) and the United Arab Emirates (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest food manufacture machinery supplier in Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +10.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.7% per year) and Taiwan (Chinese) (+5.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports in Asia

In 2021, imports of machinery for the preparation or manufacture of food or drink in Asia soared to X units, picking up by 25% compared with the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 29% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, food manufacture machinery imports soared 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the largest importing country with an import of about X units, which recorded 28% of total imports. South Korea (X units) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (8.3%), Vietnam (5%) and Malaysia (4.9%). The following importers - the United Arab Emirates (X units), Iraq (X units), Taiwan (Chinese) (X units), Japan (X units), Thailand (X units), Kazakhstan (X units), Israel (X units) and Oman (X units) - together made up 25% of total imports.

From 2012 to 2021, average annual rates of growth with regard to food manufacture machinery imports into Indonesia stood at +2.8%. At the same time, Oman (+27.5%), Kazakhstan (+19.1%), Iraq (+16.0%), Israel (+10.4%), Malaysia (+9.5%), Turkey (+9.2%), the United Arab Emirates (+7.4%), South Korea (+5.2%), Vietnam (+2.7%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Asia, with a CAGR of +27.5% from 2012-2021. By contrast, Japan (-2.2%) and Thailand (-16.0%) illustrated a downward trend over the same period. While the share of Turkey (+3.1 p.p.), Iraq (+2.6 p.p.), Kazakhstan (+1.9 p.p.), Malaysia (+1.9 p.p.) and Oman (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-1.9 p.p.), Indonesia (-2.2 p.p.) and Thailand (-15.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Turkey ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 27% of total imports. These countries were followed by Vietnam, Malaysia, Iraq, the United Arab Emirates, Thailand, Japan, Israel, Taiwan (Chinese), Kazakhstan and Oman, which together accounted for a further 32%.

Iraq, with a CAGR of +28.4%, saw 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

The import price in Asia stood at $X per unit in 2021, with a decrease of -3.8% against the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 21%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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