Asia-Pacific: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Asia-Pacific

The Asia-Pacific filling containers machinery market was estimated at $X in 2021, with an increase of 4.6% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Filling Containers Machinery Production in Asia-Pacific

In value terms, filling containers machinery production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a mild contraction. The growth pace was the most rapid in 2019 when the production volume increased by 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Filling Containers Machinery Exports

Exports in Asia-Pacific

Filling containers machinery exports rose notably to X units in 2021, increasing by 11% on the previous year. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, filling containers machinery exports rose rapidly to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 80% of total exports in 2021. It was distantly followed by India (X units) and Taiwan (Chinese) (X units), together constituting an 11% share of total exports. Japan (X units) and South Korea (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the machinery for filling, closing, sealing, capsuling or labelling containers exports, with a CAGR of +15.4% from 2012 to 2021. At the same time, South Korea (+4.9%) and India (+2.8%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.9%) illustrated a downward trend over the same period. While the share of China (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-4.4 p.p.), Japan (-5.2 p.p.) and Taiwan (Chinese) (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest filling containers machinery supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.7% per year) and Taiwan (Chinese) (-0.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, growing by 2.2% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when the export price increased by 18% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the other leaders experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by 4.9% to X units in 2021. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.5% against 2014 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 26%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, filling containers machinery imports reached $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 7.3% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of filling containers machinery imports in 2021 were Indonesia (X units), South Korea (X units), Thailand (X units), India (X units), Japan (X units) and Australia (X units), together resulting at 72% of total import. It was distantly followed by Vietnam (X units), achieving a 5.3% share of total imports. The following importers - Bangladesh (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Malaysia (X units), Singapore (X units) and Cambodia (X units) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +27.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 22% share of total imports. Thailand, Indonesia, Japan, Vietnam, Bangladesh, Taiwan (Chinese), Malaysia, Singapore, Cambodia and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

Among the main importing countries, Bangladesh, with a CAGR of +11.4%, 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-Pacific stood at $X per unit in 2021, stabilizing at the previous year. Overall, the import price showed a perceptible slump. The growth pace was the most rapid in 2013 an increase of 15%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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