Eastern Asia: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Eastern Asia

In 2022, the East Asian confectionery-making industrial machinery market decreased by -12.5% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a noticeable decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Eastern Asia

In value terms, confectionery-making industrial machinery production fell to $X in 2022 estimated in export price. In general, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 173%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in Eastern Asia

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 20% to X units, rising for the fifth year in a row after four years of decline. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 64%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, confectionery-making industrial machinery exports fell modestly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +49.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 94% of total exports in 2022. It was distantly followed by South Korea (X units), generating a 4.7% share of total exports.

China was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports, with a CAGR of +21.1% from 2012 to 2022. South Korea (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +53 percentage points.

In value terms, China ($X) remains the largest confectionery-making industrial machinery supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports.

In China, confectionery-making industrial machinery exports expanded at an average annual rate of +8.9% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, falling by -19.8% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%).

Confectionery-Making Industrial Machinery Imports

Imports in Eastern Asia

In 2022, imports of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Eastern Asia declined rapidly to X units, which is down by -33.5% against 2021. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, confectionery-making industrial machinery imports declined markedly to $X in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 62% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) and Japan (X units) were the major importers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Eastern Asia, together resulting at near 66% of total imports. South Korea (X units) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (14%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of -0.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest confectionery-making industrial machinery importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 88% share of total imports.

Among the main importing countries, South Korea, with a CAGR of -3.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by -14.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the import price increased by 35%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 China (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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