China: Dairy Machinery Market 2024

Dairy Machinery Market Size in China

The Chinese dairy machinery market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Dairy machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dairy Machinery Production in China

In value terms, dairy machinery production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Dairy machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dairy Machinery Exports

Exports from China

In 2022, the amount of dairy machinery exported from China surged to X units, picking up by 21% against the previous year's figure. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +49.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy machinery exports declined markedly to $X in 2022. In general, exports, however, recorded a deep slump. The growth pace was the most rapid in 2017 when exports increased by 51%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X units) was the main destination for dairy machinery exports from China, accounting for a 15% share of total exports. Moreover, dairy machinery exports to Mauritania exceeded the volume sent to the second major destination, South Korea (X units), twofold. The third position in this ranking was held by the United States (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania amounted to +60.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+47.3% per year) and the United States (+13.9% per year).

In value terms, the largest markets for dairy machinery exported from China were Indonesia ($X), Mauritania ($X) and South Korea ($X), with a combined 21% share of total exports. Italy, the United States, Tanzania, Australia, Vietnam, Argentina, Portugal, Uruguay, the United Arab Emirates and Tunisia lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Argentina, with a CAGR of +33.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, falling by -35.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 6.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Tunisia ($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 the United Arab Emirates (-2.4%), while the prices for the other major destinations experienced a decline.

Dairy Machinery Imports

Imports into China

Dairy machinery imports into China fell significantly to X units in 2022, waning by -78.5% compared with the previous year's figure. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 155%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports declined rapidly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 147%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of dairy machinery to China, with a 45% share of total imports. Moreover, dairy machinery imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Switzerland (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.2% per year) and Switzerland (+52.5% per year).

In value terms, Germany ($X), Sweden ($X) and Italy ($X) appeared to be the largest dairy machinery suppliers to China, with a combined 94% share of total imports. Switzerland, the Netherlands, Poland, South Korea and Ukraine lagged somewhat behind, together accounting for a further 6.3%.

South Korea, with a CAGR of +56.6%, recorded the highest growth rate of the value of imports, among 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 dairy machinery import price amounted to $X per unit, picking up by 46% against the previous year. In general, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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