Eastern Asia: Dairy Machinery Market 2024

Dairy Machinery Market Size in Eastern Asia

The East Asian dairy machinery market reached $X in 2022, increasing by 1.8% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dairy Machinery Production in Eastern Asia

In value terms, dairy machinery production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 13%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dairy Machinery Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of dairy machinery, which increased by 26% to X units in 2022. Total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 55%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy machinery exports contracted to $X in 2022. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 50%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. 87% of total exports in 2022. It was distantly followed by Japan (X units) and Taiwan (Chinese) (X units), together making up a 12% share of total exports.

China was also the fastest-growing in terms of the dairy machinery exports, with a CAGR of +2.1% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. Japan (-3.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +6.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest dairy machinery supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports.

In China, dairy machinery exports decreased by an average annual rate of -7.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.2% per year) and Taiwan (Chinese) (-3.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by -29.7% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 an increase of 2.9%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.1%), while the other leaders experienced a decline in the export price figures.

Dairy Machinery Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in supplies from abroad of dairy machinery, which decreased by -52.5% to X units in 2022. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2019 with an increase of 107%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports declined rapidly to $X in 2022. Overall, imports, however, showed tangible growth. The growth pace was the most rapid in 2019 with an increase of 129% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined notably in the following year.

Imports by Country

China (X units) and Japan (X units) represented roughly 60% of total imports in 2022. South Korea (X units) took the next position in the ranking, followed by Democratic People's Republic of Korea (X units) and Taiwan (Chinese) (X units). All these countries together took near 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +51.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported dairy machinery in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by South Korea, with a 10% 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: Japan (+12.8% per year) and South Korea (-1.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, reducing by -4.3% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy machinery import price increased by +50.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 19% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+13.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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