China: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in China

The Chinese milling industry machinery market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed measured growth. Milling industry machinery consumption peaked in 2022 and is expected to retain growth in years to come.

Milling Industry Machinery Production in China

In value terms, milling industry machinery production totaled $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Milling industry machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports from China

In 2022, after four years of growth, there was significant decline in overseas shipments of milling industry machinery, when their volume decreased by X% to X units. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, milling industry machinery exports fell modestly to $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Thailand (X units), India (X units) and Indonesia (X units) were the main destinations of milling industry machinery exports from China, with a combined X% share of total exports. Vietnam, Japan, Ethiopia, Cambodia, Romania, Lao People's Democratic Republic, the Philippines, Myanmar, Sudan and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milling industry machinery exported from China were Ethiopia ($X), India ($X) and Thailand ($X), with a combined X% share of total exports. Indonesia, Vietnam, the Philippines, Myanmar, Cambodia, Japan, Lao People's Democratic Republic, Malaysia, Sudan and Romania lagged somewhat behind, together comprising a further X%.

Sudan, with a CAGR of X%, 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

In 2022, the average milling industry machinery export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Romania ($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 Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Milling Industry Machinery Imports

Imports into China

Milling industry machinery imports into China dropped remarkably to X units in 2022, declining by X% against the previous year's figure. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, milling industry machinery imports skyrocketed to $X in 2022. Overall, imports, however, showed a moderate increase. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), South Korea (X units) and Switzerland (X units) were the main suppliers of milling industry machinery imports to China, together comprising X% of total imports. France, Japan, the United States, Thailand and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Switzerland ($X), Germany ($X) and the United States ($X) constituted the largest milling industry machinery suppliers to China, together accounting for X% of total imports. France, Japan, South Korea, Thailand and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, France, with a CAGR of X%, 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

In 2022, the average milling industry machinery import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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