Asia-Pacific: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Asia-Pacific

The Asia-Pacific meat-preparation industrial machinery market surged to $X in 2022, jumping by 34% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Meat-Preparation Industrial Machinery Production in Asia-Pacific

In value terms, meat-preparation industrial machinery production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports in Asia-Pacific

In 2022, shipments abroad of industrial machinery for the preparation of meat or poultry increased by 96% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery exports expanded to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from China (X units), together recording 98% of total export.

China was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry exports, with a CAGR of +12.9% from 2012 to 2022. China (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest meat-preparation industrial machinery supplier in Asia-Pacific.

In China, meat-preparation industrial machinery exports expanded at an average annual rate of +11.7% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, dropping by -47.8% against the previous year. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.1% per year.

Meat-Preparation Industrial Machinery Imports

Imports in Asia-Pacific

Meat-preparation industrial machinery imports soared to X units in 2022, rising by 17% on the previous year. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, meat-preparation industrial machinery imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Vietnam (X units), Malaysia (X units) and Thailand (X units) was the key importer of industrial machinery for the preparation of meat or poultry in Asia-Pacific, achieving 66% of total import. It was distantly followed by the Philippines (X units), Australia (X units) and Japan (X units), together making up a 17% share of total imports. India (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Thailand ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 35% of total imports. Malaysia, Vietnam, India and the Philippines lagged somewhat behind, together accounting for a further 14%.

Vietnam, with a CAGR of +9.0%, 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, shrinking by -27.8% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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