Asia-Pacific: Food Manufacture Machinery Market 2025

Food Manufacture Machinery Market Size in Asia-Pacific

The Asia-Pacific food manufacture machinery market amounted to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Food Manufacture Machinery Production in Asia-Pacific

In value terms, food manufacture machinery production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 21%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Food Manufacture Machinery Exports

Exports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in overseas shipments of machinery for the preparation or manufacture of food or drink, when their volume increased by 43% to X units. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +12.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 65% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the key exporter of machinery for the preparation or manufacture of food or drink in Asia-Pacific, with the volume of exports finishing at X units, which was approx. 50% of total exports in 2021. Taiwan (Chinese) (X units) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Japan (9.6%). India (X units), South Korea (X units) and New Zealand (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest food manufacture machinery supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +10.1%. In the other countries, the average annual rates were as follows: Japan (+3.7% per year) and Taiwan (Chinese) (+5.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, reducing by -3.7% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 11%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports in Asia-Pacific

In 2021, food manufacture machinery imports in Asia-Pacific skyrocketed to X units, growing by 30% on the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 34% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, food manufacture machinery imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units) represented the key importer of machinery for the preparation or manufacture of food or drink, generating 37% of total imports. It was distantly followed by South Korea (X units), Australia (X units), Vietnam (X units), Malaysia (X units) and Taiwan (Chinese) (X units), together achieving a 39% share of total imports. Japan (X units), Thailand (X units), New Zealand (X units), China (X units), Sri Lanka (X units), Singapore (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to food manufacture machinery imports into Indonesia stood at +2.8%. At the same time, India (+26.5%), Sri Lanka (+22.4%), China (+18.3%), Singapore (+10.2%), Malaysia (+9.5%), South Korea (+5.2%), New Zealand (+4.3%), Vietnam (+2.7%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +26.5% from 2012-2021. By contrast, Australia (-1.8%), Japan (-2.2%) and Thailand (-16.0%) illustrated a downward trend over the same period. While the share of Indonesia (+4.1 p.p.), South Korea (+3.5 p.p.), Malaysia (+3.2 p.p.), China (+1.9 p.p.), Sri Lanka (+1.7 p.p.) and India (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-3 p.p.) and Thailand (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 43% share of total imports. Indonesia, India, Vietnam, Malaysia, Thailand, Japan, Singapore, Taiwan (Chinese), New Zealand and Sri Lanka lagged somewhat behind, together comprising a further 49%.

In terms of the main importing countries, Sri Lanka, with a CAGR of +9.8%, 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -7.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 25%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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