China: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in China

In 2021, the Chinese food manufacture machinery market decreased by -4.5% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Food Manufacture Machinery Production in China

In value terms, food manufacture machinery production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Food Manufacture Machinery Exports

Exports from China

In 2021, the amount of machinery for the preparation or manufacture of food or drink exported from China surged to X units, increasing by 75% on 2020. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and Oman (X units) were the main destinations of food manufacture machinery exports from China, with a combined 24% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +86.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for food manufacture machinery exported from China were the United States ($X), Indonesia ($X) and India ($X), together accounting for 25% of total exports. These countries were followed by Vietnam, Russia, Thailand, Malaysia, the Philippines, Chile, Germany, Belgium, the United Arab Emirates and Oman, which together accounted for a further 27%.

In terms of the main countries of destination, Oman, with a CAGR of +59.6%, 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

The average food manufacture machinery export price stood at $X per unit in 2021, falling by -8.9% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 an increase of 11%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Oman ($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 Arab Emirates (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into China

For the fourth consecutive year, China recorded growth in purchases abroad of machinery for the preparation or manufacture of food or drink, which increased by 65% to X units in 2021. Overall, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. In general, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of food manufacture machinery to China, with a 57% share of total imports. Moreover, food manufacture machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.7% per year) and the United States (+5.2% per year).

In value terms, Japan ($X), Italy ($X) and Germany ($X) appeared to be the largest food manufacture machinery suppliers to China, together comprising 56% of total imports. These countries were followed by the United States, Taiwan (Chinese), Switzerland and Belgium, which together accounted for a further 15%.

Among the main suppliers, Belgium, with a CAGR of +40.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, which is down by -27.6% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 5.3% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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