Asia-Pacific: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Asia-Pacific

In 2022, the Asia-Pacific market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -3.5% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Asia-Pacific

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports in Asia-Pacific

In 2022, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 24% to X units, rising for the sixth year in a row after two years of decline. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids soared to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; 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 dominates solids structure, finishing at X units, which was near 83% of total exports in 2022. India (X units) ranks second in terms of the total exports with an 8.6% share, followed by Australia (4.9%).

From 2012 to 2022, average annual rates of growth with regard to machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from China stood at +10.2%. At the same time, India (+14.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +14.2% from 2012-2022. By contrast, Australia (-1.5%) illustrated a downward trend over the same period. While the share of China (+19 p.p.) and India (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-6.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was taken by India ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+10.8% per year) and Australia (-9.8% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 5.9%. As a result, the export price reached the peak level of $X per unit. From 2014 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 India ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports in Asia-Pacific

In 2022, overseas purchases of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 25% to X units, rising for the second year in a row after three years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +46.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) and Indonesia (X units) represented the largest importers of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Asia-Pacific, together creating 35% of total imports. Pakistan (X units) held the next position in the ranking, followed by the Philippines (X units), Australia (X units), Nepal (X units) and Vietnam (X units). All these countries together took near 32% share of total imports. Singapore (X units), Thailand (X units), Bangladesh (X units), Malaysia (X units), South Korea (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Pakistan ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 48% share of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of +34.2%, recorded the highest growth rate of 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 2022, the import price in Asia-Pacific amounted to $X per unit, reducing by -5.5% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 15%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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