China: Food Mixer Market 2024

Food Mixer Market Size in China

The Chinese food mixer market soared to $X in 2022, increasing by 658% against the previous year. Over the period under review, consumption saw resilient growth. Food mixer consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Food Mixer Production in China

In value terms, food mixer production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% 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 2020 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Food Mixer Exports

Exports from China

After five years of growth, overseas shipments of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -25.2% to X units in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, food mixer exports contracted remarkably to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined notably in the following year.

Exports by Country

The United States (X units) was the main destination for food mixer exports from China, with a 22% share of total exports. Moreover, food mixer exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by Russia (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.2% per year) and Russia (+6.7% per year).

In value terms, the United States ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from China, comprising 23% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 5.7% share of total exports. It was followed by Spain, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.9% per year) and Spain (+18.4% per year).

Export Prices by Country

The average food mixer export price stood at $X per unit in 2022, increasing by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Brazil ($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 Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Food Mixer Imports

Imports into China

Food mixer imports into China amounted to X units in 2022, flattening at the year before. Over the period under review, imports continue to indicate a notable increase. The growth pace was the most rapid in 2013 with an increase of 132%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, food mixer imports reduced rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 179%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X units), South Korea (X units) and Romania (X units) were the main suppliers of food mixer imports to China, together comprising 39% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +131.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to China, comprising 35% of total imports. The second position in the ranking was held by Slovenia ($X), with a 14% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+124.6% per year) and the United States (-0.6% per year).

Import Prices by Country

In 2022, the average food mixer import price amounted to $X per unit, declining by -23.8% against the previous year. Overall, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 47%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :