Asia: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Asia

In 2021, after five years of growth, there was significant decline in the Asian food sorting machine market, when its value decreased by -8.2% to $X. Overall, consumption saw a slight downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Food Sorting Machine Production in Asia

In value terms, food sorting machine production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.3% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Food Sorting Machine Exports

Exports in Asia

For the seventh year in a row, Asia recorded growth in overseas shipments of machines for cleaning, sorting or grading eggs and fruit, which increased by 34% to X units in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 74% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, food sorting machine exports reached $X in 2021. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2013 when exports increased by 68% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X units, which recorded 71% of total exports. It was distantly followed by Turkey (X units), comprising a 13% share of total exports. Japan (X units), India (X units) and Israel (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machines for cleaning, sorting or grading eggs and fruit exports, with a CAGR of +44.6% from 2012 to 2021. At the same time, Israel (+26.2%), Turkey (+25.0%), India (+16.5%) and Japan (+8.2%) displayed positive paces of growth. China (+52 p.p.) significantly strengthened its position in terms of the total exports, while India and Japan saw its share reduced by -2.1% and -11.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest food sorting machine supplier in Asia, comprising 52% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by Turkey, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +29.2%. In the other countries, the average annual rates were as follows: Japan (+8.7% per year) and Turkey (+17.8% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, shrinking by -18.5% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 a decrease of -0.7%. 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 failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Israel (+2.5%), while the other leaders experienced more modest paces of growth.

Food Sorting Machine Imports

Imports in Asia

In 2021, food sorting machine imports in Asia contracted dramatically to X units, falling by -23.9% against 2020. Overall, imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The volume of import peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, food sorting machine imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

The purchases of the twelve major importers of machines for cleaning, sorting or grading eggs and fruit, namely China, Turkey, Israel, India, Azerbaijan, Thailand, Kazakhstan, South Korea, Uzbekistan, Taiwan (Chinese), Iran and Iraq, represented more than two-thirds of total import. Georgia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +33.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported machines for cleaning, sorting or grading eggs and fruit in Asia, comprising 29% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by Israel, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+1.9% per year) and Israel (+4.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, picking up by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Kazakhstan ($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 (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :