Eastern Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Eastern Asia

The East Asian sugar-manufacturing industrial machinery market reduced slightly to $X in 2022, which is down by -4.1% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Eastern Asia

In value terms, sugar-manufacturing industrial machinery production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Eastern Asia

In 2022, after four years of decline, there was significant growth in overseas shipments of industrial machinery for the manufacture or preparation of sugar, when their volume increased by 158% to X units. Over the period under review, exports posted a noticeable increase. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 186% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 95% of total exports in 2022. The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - each reached a 4.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugar-manufacturing industrial machinery exports from China stood at +2.4%. At the same time, South Korea (+9.0%) and Taiwan (Chinese) (+5.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.0% from 2012-2022. While the share of China (-1.9 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sugar-manufacturing industrial machinery supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled -6.7%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.2% per year) and South Korea (-14.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, dropping by -5.1% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained 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 Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.4%), while the other leaders experienced a decline in the export price figures.

Sugar-Manufacturing Industrial Machinery Imports

Imports in Eastern Asia

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were imported in Eastern Asia; rising by 17% compared with the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 361% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Overall, imports saw a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of 355% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units) and China (X units) prevails in imports structure, together achieving 92% of total imports. It was distantly followed by South Korea (X units), making up a 6.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +86.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest sugar-manufacturing industrial machinery importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 99% share of total imports.

Japan, with a CAGR of +61.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by 50% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar-manufacturing industrial machinery import price decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the import price increased by 84%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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