China: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in China

The Chinese gravimetric filling machine market skyrocketed to $X in 2022, growing by 188% against the previous year. Overall, consumption showed temperate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gravimetric Filling Machine Production in China

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. The growth pace was the most rapid in 2020 when the production volume increased by 99%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from China

In 2022, the amount of automatic gravimetric filling machines exported from China stood at X units, increasing by 14% against 2021 figures. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 152%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, gravimetric filling machine exports fell modestly to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.0% against 2012 indices. The pace of growth appeared the most rapid in 2015 with an increase of 23%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X units), Indonesia (X units) and Russia (X units) were the main destinations of gravimetric filling machine exports from China, with a combined 29% share of total exports. Spain, India, the UK, Ecuador, the Philippines, Vietnam, Brazil, Thailand, Italy and Mexico lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +35.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for automatic gravimetric filling machines exports from China, comprising 13% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total exports. It was followed by Indonesia, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.7% per year) and Indonesia (+8.3% per year).

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, which is down by -13.9% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into China

In 2022, supplies from abroad of automatic gravimetric filling machines decreased by -32.7% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 64% against the previous year. Imports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, gravimetric filling machine imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

South Korea (X units), Japan (X units) and Italy (X units) were the main suppliers of gravimetric filling machine imports to China, with a combined 69% share of total imports. The Netherlands, the United States, Switzerland and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Germany ($X) were the largest gravimetric filling machine suppliers to China, with a combined 81% share of total imports. Italy, Switzerland, the United States and the Netherlands lagged somewhat behind, together accounting for a further 17%.

The United States, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gravimetric filling machine import price amounted to $X per unit, rising by 35% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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