Eastern Asia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Eastern Asia

The East Asian gravimetric filling machine market skyrocketed to $X in 2022, rising by 33% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Gravimetric Filling Machine Production in Eastern Asia

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 215%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports in Eastern Asia

In 2022, exports of automatic gravimetric filling machines in Eastern Asia expanded markedly to X units, with an increase of 13% against the previous year. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 141% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, gravimetric filling machine exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 20%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was near 97% of total exports in 2022. Japan (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +11.3% from 2012 to 2022. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +6.2 percentage points.

In value terms, Japan ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022.

China, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by -16.4% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by 28%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.3%).

Gravimetric Filling Machine Imports

Imports in Eastern Asia

In 2022, supplies from abroad of automatic gravimetric filling machines decreased by -24% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 116% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, gravimetric filling machine imports shrank to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +97.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) and Hong Kong SAR (X units) were the largest importers of automatic gravimetric filling machines in Eastern Asia, together resulting at approx. 81% of total imports. It was distantly followed by Taiwan (Chinese) (X units) and South Korea (X units), together mixing up an 18% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported automatic gravimetric filling machines in Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 24% share of total imports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+17.9% per year) and Taiwan (Chinese) (+8.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of 25% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2017 when the import price increased by 59% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($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 (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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