France: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in France

The French food manufacture machinery market contracted to $X in 2021, dropping by -10.4% against the previous year. Over the period under review, consumption saw a pronounced slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Production in France

In value terms, food manufacture machinery production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from France

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a mild reduction. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for food manufacture machinery exports from France, accounting for a 26% share of total exports. Moreover, food manufacture machinery exports to the United States exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.8% per year) and the UK (+3.1% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for the preparation or manufacture of food or drink exports from France, comprising 27% of total exports. The second position in the ranking was taken by Australia ($X), with a 5.5% share of total exports. It was followed by the UK, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.4% per year) and the UK (-0.3% per year).

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into France

In 2021, food manufacture machinery imports into France soared to X units, with an increase of 46% against the previous year. Over the period under review, imports, however, continue to indicate a mild slump. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of food manufacture machinery imports to France, with a combined 68% share of total imports. Spain, Japan, the Netherlands, Belgium, Denmark, the United States and Switzerland lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to France were Italy ($X), Germany ($X) and Denmark ($X), together comprising 63% of total imports. Japan, Spain, the Netherlands, China, Switzerland, the United States and Belgium lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Japan, with a CAGR of +32.9%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 19%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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