Asia-Pacific: Dairy Machinery Market 2024

Dairy Machinery Market Size in Asia-Pacific

The Asia-Pacific dairy machinery market rose slightly to $X in 2022, with an increase of 3.8% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -4.0% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Dairy Machinery Production in Asia-Pacific

In value terms, dairy machinery production rose to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Dairy Machinery Exports

Exports in Asia-Pacific

In 2022, the amount of dairy machinery exported in Asia-Pacific rose to X units, increasing by 1.8% on 2021 figures. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 38%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, dairy machinery exports fell dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China was the largest exporting country with an export of around X units, which reached 41% of total exports. India (X units) took the second position in the ranking, distantly followed by New Zealand (X units). All these countries together held near 41% share of total exports. Singapore (X units), Japan (X units), Thailand (X units) and Taiwan (Chinese) (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy machinery supplying countries in Asia-Pacific were India ($X), New Zealand ($X) and China ($X), with a combined 81% share of total exports. Singapore, Japan, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 13%.

Thailand, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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-Pacific amounted to $X per unit, with a decrease of -22.7% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2016 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.6%), while the other leaders experienced a decline in the export price figures.

Dairy Machinery Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of dairy machinery was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 60%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, dairy machinery imports reduced to $X in 2022. Over the period under review, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 70%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units), distantly followed by Malaysia (X units), New Zealand (X units), Bangladesh (X units), India (X units), Australia (X units) and China (X units) represented the major importers of dairy machinery, together comprising 71% of total imports. Vietnam (X units), Japan (X units), the Philippines (X units), Sri Lanka (X units), South Korea (X units) and Nepal (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dairy machinery imports into Indonesia stood at +1.4%. At the same time, Japan (+15.9%), Malaysia (+12.6%), Nepal (+10.3%) and Bangladesh (+4.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +15.9% from 2012-2022. The Philippines, South Korea, India, New Zealand and Australia experienced a relatively flat trend pattern. By contrast, Sri Lanka (-2.2%), China (-8.6%) and Vietnam (-11.5%) illustrated a downward trend over the same period. While the share of Malaysia (+9.1 p.p.), Indonesia (+8.1 p.p.), Bangladesh (+3.2 p.p.), Japan (+3.2 p.p.), Nepal (+1.7 p.p.) and New Zealand (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-4.5 p.p.) and Vietnam (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dairy machinery importing markets in Asia-Pacific were Indonesia ($X), Malaysia ($X) and China ($X), together accounting for 45% of total imports.

Among the main importing countries, Malaysia, with a CAGR of +13.0%, recorded 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

The import price in Asia-Pacific stood at $X per unit in 2022, waning by -10.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 13%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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