China: Machinery For Packing Market 2024

Machinery For Packing Market Size in China

In 2022, the Chinese machinery for packing market decreased by -27.4% to $X, falling for the fifth year in a row after three years of growth. Overall, consumption recorded a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in China

In value terms, machinery for packing production stood at $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -0.0% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Machinery For Packing Exports

Exports from China

Machinery for packing exports from China surged to X units in 2022, rising by 49% compared with 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 70%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, machinery for packing exports reduced slightly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +83.3% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of machinery for packing exports from China, with a combined 29% share of total exports. India, the Philippines, Vietnam, South Korea, Thailand, Germany, Japan, Chile, the Netherlands and Egypt lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest markets for machinery for packing exported from China worldwide, with a combined 22% share of total exports. Thailand, India, Malaysia, Japan, South Korea, Germany, the Philippines, the Netherlands, Egypt and Chile lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Egypt, with a CAGR of +12.4%, saw the highest rates of growth with regard to 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 machinery for packing export price amounted to $X per unit, shrinking by -33.8% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 ($X per unit), while the average price for exports to Chile ($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 (-11.9%), while the prices for the other major destinations experienced a decline.

Machinery For Packing Imports

Imports into China

In 2022, purchases abroad of machinery for packing or wrapping increased by 18% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machinery for packing imports fell dramatically to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest machinery for packing supplier to China, with a 82% share of total imports. Moreover, machinery for packing imports from Germany exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold. The third position in this ranking was taken by Switzerland (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.0% per year) and Switzerland (-8.1% per year).

In value terms, the largest machinery for packing suppliers to China were Germany ($X), Japan ($X) and Malaysia ($X), together accounting for 64% of total imports.

Malaysia, with a CAGR of +14.3%, saw 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 a decline.

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, with a decrease of -29.9% against the previous year. Overall, the import price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Germany ($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 (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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