Eastern Asia: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Eastern Asia

The East Asian feedstuff preparing machinery market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Production in Eastern Asia

In value terms, feedstuff preparing machinery production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 13% 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.

Feedstuff Preparing Machinery Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in shipments abroad of machinery for preparing animal feedstuffs, which decreased by -6.2% to X units in 2021. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 35% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, feedstuff preparing machinery exports reduced to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X units) was the major exporter of machinery for preparing animal feedstuffs, creating 89% of total exports. It was distantly followed by Taiwan (Chinese) (X units), comprising a 10% share of total exports.

China was also the fastest-growing in terms of the machinery for preparing animal feedstuffs exports, with a CAGR of +1.6% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest feedstuff preparing machinery supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, standing approx. at the previous year. Overall, the export price, however, saw a mild setback. The pace of growth was the most pronounced in 2014 an increase of 6.8% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.2%).

Feedstuff Preparing Machinery Imports

Imports in Eastern Asia

After two years of decline, overseas purchases of machinery for preparing animal feedstuffs increased by 20% to X units in 2021. The total import volume increased at an average annual rate of +6.0% 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 2013 with an increase of 38%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, feedstuff preparing machinery imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China represented the largest importing country with an import of around X units, which accounted for 56% of total imports. Japan (X units) ranks second in terms of the total imports with a 32% share, followed by South Korea (7.9%). Taiwan (Chinese) (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest feedstuff preparing machinery importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 94% share of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further 5.2%.

Taiwan (Chinese), with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, reducing by -7.4% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2018 when the import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while China ($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) (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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