Asia: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Asia

The Asian milling industry machinery market rose to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Milling Industry Machinery Production in Asia

In value terms, milling industry machinery production reached $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports in Asia

In 2022, shipments abroad of milling industry machinery decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped remarkably in the following year.

In value terms, milling industry machinery exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China represented the major exporting country with an export of around X units, which finished at X% of total exports. India (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%).

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X), China ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Milling Industry Machinery Imports

Imports in Asia

In 2022, supplies from abroad of milling industry machinery increased by X% to X units, rising for the seventh year in a row after two years of decline. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, milling industry machinery imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, India (X units) represented the major importer of milling industry machinery, comprising X% of total imports. It was distantly followed by Myanmar (X units), the Philippines (X units), Bangladesh (X units) and Indonesia (X units), together making up a X% share of total imports. The following importers - Georgia (X units), Sri Lanka (X units), Pakistan (X units) and Uzbekistan (X units) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Georgia (X%), Sri Lanka (X%), Myanmar (X%), Pakistan (X%), the Philippines (X%), Uzbekistan (X%), Bangladesh (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of India (X p.p.), Myanmar (X p.p.), Georgia (X p.p.), Uzbekistan (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of X%, saw 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

The import price in Asia stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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