Asia-Pacific: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Asia-Pacific

In 2022, the Asia-Pacific confectionery-making industrial machinery market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Confectionery-Making Industrial Machinery Production in Asia-Pacific

In value terms, confectionery-making industrial machinery production contracted slightly to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 170% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in Asia-Pacific

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported in Asia-Pacific; growing by 18% compared with the year before. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, confectionery-making industrial machinery exports contracted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was near 88% of total exports in 2022. South Korea (X units), India (X units) and Australia (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports, with a CAGR of +21.1% from 2012 to 2022. At the same time, India (+3.9%) displayed positive paces of growth. By contrast, Australia (-3.7%) and South Korea (-8.9%) illustrated a downward trend over the same period. While the share of China (+57 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-4.1 p.p.) and South Korea (-23 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest confectionery-making industrial machinery supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.9% share of total exports. It was followed by India, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +8.9%. In the other countries, the average annual rates were as follows: South Korea (-4.9% per year) and India (+7.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, dropping by -20.8% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the export price increased by 14%. The level of export peaked at $X per unit in 2015; however, from 2016 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 Australia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the other leaders experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports in Asia-Pacific

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 4.3% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 35%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports shrank modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia was the largest importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Asia-Pacific, with the volume of imports reaching X units, which was near 31% of total imports in 2022. It was distantly followed by India (X units), Bangladesh (X units), Australia (X units), China (X units), Japan (X units) and Malaysia (X units), together making up a 45% share of total imports. Vietnam (X units), South Korea (X units), Pakistan (X units), Thailand (X units), Taiwan (Chinese) (X units) and the Philippines (X units) followed a long way behind the leaders.

Imports into Indonesia decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, the Philippines (+7.3%), Australia (+6.4%) and Pakistan (+1.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +7.3% from 2012-2022. Bangladesh, South Korea and Vietnam experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-3.0%), India (-3.3%), Thailand (-5.1%), Japan (-5.9%), Malaysia (-12.0%) and China (-19.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Australia, Bangladesh, India, Pakistan, Vietnam and South Korea increased by +7.8, +5, +3.6, +3.5, +2, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest confectionery-making industrial machinery importing markets in Asia-Pacific were Indonesia ($X), India ($X) and Japan ($X), with a combined 53% share of total imports. These countries were followed by Australia, Pakistan, Malaysia, China, Vietnam, Bangladesh, South Korea, Taiwan (Chinese), the Philippines and Thailand, which together accounted for a further 42%.

The Philippines, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, reducing by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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