Asia-Pacific: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Asia-Pacific

The Asia-Pacific fats preparation machinery market fell notably to $X in 2022, shrinking by -18.8% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -20.3% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fats Preparation Machinery Production in Asia-Pacific

In value terms, fats preparation machinery production fell to $X in 2022 estimated in export price. In general, production, however, posted noticeable growth. The growth pace was the most rapid in 2014 with an increase of 82% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Asia-Pacific

In 2022, overseas shipments of machinery for the extraction or preparation of animal or fixed vegetable fats or oils increased by 80% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fats preparation machinery exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X units) and China (X units) dominates exports structure, together comprising 91% of total exports. It was distantly followed by Malaysia (X units), committing a 5.5% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

Among the main exporting countries, China, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, reducing by -19.7% against the previous year. Overall, the export price showed a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 9.8% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.1%), while the other leaders experienced a decline in the export price figures.

Fats Preparation Machinery Imports

Imports in Asia-Pacific

After four years of growth, overseas purchases of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -84.4% to X units in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,046%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, fats preparation machinery imports skyrocketed to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the main importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Asia-Pacific, with the volume of imports finishing at X units, which was approx. 65% of total imports in 2022. It was distantly followed by India (X units) and Indonesia (X units), together generating a 25% share of total imports. The Philippines (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery imports into Thailand stood at +36.3%. At the same time, Myanmar (+73.1%), the Philippines (+25.9%), India (+25.8%) and Indonesia (+3.4%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +73.1% from 2012-2022. Thailand (+65 p.p.), India (+3.5 p.p.) and Myanmar (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -47.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Asia-Pacific, comprising 64% of total imports. The second position in the ranking was taken by India ($X), with a 5.5% share of total imports. It was followed by Thailand, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: India (+0.9% per year) and Thailand (+11.8% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, increasing by 863% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+19.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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