Global Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size

In 2022, the global confectionery-making industrial machinery market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Confectionery-Making Industrial Machinery Production

In value terms, confectionery-making industrial machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 120%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Confectionery-Making Industrial Machinery Exports

Exports

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported worldwide; reducing by -1.8% against 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 29%. The global exports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, confectionery-making industrial machinery exports shrank to $X in 2022. In general, exports showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X units), Germany (X units), Italy (X units), Turkey (X units) and the Netherlands (X units), together reaching 71% of total export. It was distantly followed by Belgium (X units), generating a 4.9% share of total exports. The UK (X units), Denmark (X units), the United States (X units) and Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +21.1%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together comprising 57% of global exports. These countries were followed by China, Turkey, Denmark, the UK, Switzerland, Belgium and the United States, which together accounted for a further 32%.

In terms of the main exporting countries, Turkey, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, with a decrease of -11.1% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.6% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the other global leaders experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports

For the third year in a row, the global market recorded growth in overseas purchases of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, which increased by 2.1% to X units in 2022. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, confectionery-making industrial machinery imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 32%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) was the largest importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, constituting 25% of total imports. It was distantly followed by Russia (X units), creating an 8.6% share of total imports. Indonesia (X units), Iran (X units), Nigeria (X units), Canada (X units), the UK (X units), India (X units), Turkey (X units), Belgium (X units), Algeria (X units) and Germany (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +22.5% from 2012 to 2022. At the same time, Iran (+24.1%), Nigeria (+18.9%), the UK (+11.9%), Algeria (+11.5%), Canada (+11.1%) and Belgium (+1.2%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the world, with a CAGR of +24.1% from 2012-2022. By contrast, Russia (-1.4%), India (-3.3%), Indonesia (-3.3%), Germany (-6.1%) and Turkey (-8.3%) illustrated a downward trend over the same period. The United States (+21 p.p.), Iran (+3.2 p.p.) and Nigeria (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Germany, Indonesia, Russia and Turkey saw its share reduced by -2.1%, -2.8%, -3.1% and -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate worldwide, comprising 17% of global imports. The second position in the ranking was taken by Russia ($X), with an 8.4% share of global imports. It was followed by Indonesia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +14.7%. In the other countries, the average annual rates were as follows: Russia (-5.5% per year) and Indonesia (-0.3% per year).

Import Prices by Country

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, dropping by -3.3% against the previous year. In general, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 9.8%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+5.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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