China: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in China

In 2021, the Chinese filling containers machinery market decreased by -40.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a noticeable reduction. Filling containers machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Filling Containers Machinery Production in China

In value terms, filling containers machinery production dropped modestly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Filling containers machinery production peaked at $X in 2020, and then reduced in the following year.

Filling Containers Machinery Exports

Exports from China

In 2021, exports of machinery for filling, closing, sealing, capsuling or labelling containers from China expanded notably to X units, surging by 12% against 2020. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, filling containers machinery exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of filling containers machinery exports from China, together comprising 31% of total exports. Indonesia, Japan, South Korea, Russia, Italy, Spain, Vietnam, Malaysia, the Philippines and Chile lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for filling containers machinery exported from China were the United States ($X), Vietnam ($X) and Indonesia ($X), together comprising 22% of total exports. South Korea, Germany, Russia, Malaysia, Canada, Japan, Spain, Italy, the Philippines and Chile lagged somewhat behind, together comprising a further 23%.

South Korea, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, rising by 7.2% against the previous year. Overall, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 21%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into China

In 2021, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -26.8% to X units, falling for the third consecutive year after four years of growth. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 88%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, filling containers machinery imports expanded notably to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of filling containers machinery to China, with a 29% share of total imports. Moreover, filling containers machinery imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Sweden (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.4% per year) and Sweden (+33.2% per year).

In value terms, the largest filling containers machinery suppliers to China were Germany ($X), Italy ($X) and Sweden ($X), together comprising 69% of total imports. These countries were followed by Japan, South Korea, Taiwan (Chinese), the United States and the Netherlands, which together accounted for a further 20%.

The Netherlands, with a CAGR of +27.3%, 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 2021, the average filling containers machinery import price amounted to $X per unit, picking up by 47% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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