China: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in China

The Chinese meat-preparation industrial machinery market soared to $X in 2022, with an increase of 217% against the previous year. In general, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Meat-Preparation Industrial Machinery Production in China

In value terms, meat-preparation industrial machinery production reached $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.2% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 46% against the previous year. Meat-preparation industrial machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from China

In 2022, shipments abroad of industrial machinery for the preparation of meat or poultry increased by 99% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 128% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, meat-preparation industrial machinery exports fell modestly to $X in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The United States (X units) was the main destination for meat-preparation industrial machinery exports from China, accounting for a 34% share of total exports. Moreover, meat-preparation industrial machinery exports to the United States exceeded the volume sent to the second major destination, Iraq (X units), fivefold. Thailand (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+56.5% per year) and Thailand (+16.1% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from China, comprising 19% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 7.9% share of total exports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+20.2% per year) and Indonesia (+7.5% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, reducing by -49.8% against the previous year. Overall, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 37%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Iraq ($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 Vietnam (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into China

In 2022, the amount of industrial machinery for the preparation of meat or poultry imported into China dropped sharply to X units, shrinking by -25.3% against 2021 figures. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +20.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of X units, and then dropped markedly in the following year.

In value terms, meat-preparation industrial machinery imports declined significantly to $X in 2022. In general, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Italy (X units), Germany (X units) and the United States (X units) were the main suppliers of meat-preparation industrial machinery imports to China, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the United States ($X) constituted the largest meat-preparation industrial machinery suppliers to China, with a combined 74% share of total imports. Japan, Italy, France, South Korea and Singapore lagged somewhat behind, together accounting for a further 9.3%.

In terms of the main suppliers, Italy, with a CAGR of +7.4%, saw 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

The average meat-preparation industrial machinery import price stood at $X per unit in 2022, with a decrease of -42.1% against the previous year. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in 2019 when the average import price increased by 101% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Singapore ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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