Eastern Asia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Eastern Asia

In 2021, the East Asian filling containers machinery market decreased by -11.1% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a noticeable decline. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Filling Containers Machinery Production in Eastern Asia

In value terms, filling containers machinery production rose slightly to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Filling Containers Machinery Exports

Exports in Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by 8.9% to X units in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 49%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, filling containers machinery exports expanded notably to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, recording X units, which was approx. 86% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), mixing up a 5.8% share of total exports. Japan (X units) and South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for filling, closing, sealing, capsuling or labelling containers exports, with a CAGR of +15.4% from 2012 to 2021. At the same time, South Korea (+4.9%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.9%) illustrated a downward trend over the same period. While the share of China (+24 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-1.9 p.p.), Japan (-6.9 p.p.) and Taiwan (Chinese) (-13.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest filling containers machinery supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.7% per year) and Taiwan (Chinese) (-0.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, with an increase of 4.8% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of 17%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Filling Containers Machinery Imports

Imports in Eastern Asia

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported in Eastern Asia expanded rapidly to X units, surging by 13% on the previous year's figure. Total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 62%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, filling containers machinery imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

South Korea was the major importer of machinery for filling, closing, sealing, capsuling or labelling containers in Eastern Asia, with the volume of imports recording X units, which was approx. 47% of total imports in 2021. Japan (X units) ranks second in terms of the total imports with a 29% share, followed by Taiwan (Chinese) (11%) and Hong Kong SAR (11%).

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 33% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +10.6%, 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 2021, the import price in Eastern Asia amounted to $X per unit, shrinking by -9.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 41% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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