South-Eastern Asia: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in South-Eastern Asia

After three years of decline, the Southeast Asian confectionery-making industrial machinery market increased by 64% to $X in 2022. Overall, consumption, however, showed a noticeable decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Confectionery-Making Industrial Machinery Production in South-Eastern Asia

In value terms, confectionery-making industrial machinery production amounted to $X in 2022 estimated in export price. In general, production saw slight growth. The pace of growth was the most pronounced in 2019 with an increase of 110%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in South-Eastern Asia

After three years of growth, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by -21.2% to X units in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 62% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, confectionery-making industrial machinery exports dropped sharply to $X in 2022. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 88%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Indonesia (X units), Singapore (X units) and Malaysia (X units), together resulting at 89% of total export. It was distantly followed by the Philippines (X units), constituting a 6.3% share of total exports. Thailand (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 the Philippines (with a CAGR of -0.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 87% share of total exports. The Philippines and Thailand lagged somewhat behind, together accounting for a further 12%.

The Philippines, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by -21.1% against the previous year. In general, the export price, however, showed a slight expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 21% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.7%), while the other leaders experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports in South-Eastern Asia

After three years of decline, purchases abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 47% to X units in 2022. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 53% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports surged to $X in 2022. Overall, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 102% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) was the key importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, mixing up 66% of total imports. Malaysia (X units) held the second position in the ranking, followed by Vietnam (X units) and Thailand (X units). All these countries together held approx. 26% share of total imports. The following importers - the Philippines (X units) and Singapore (X units) - together made up 7% of total imports.

Imports into Indonesia decreased at an average annual rate of -3.3% from 2012 to 2022. At the same time, the Philippines (+7.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.3% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (-5.1%), Malaysia (-12.0%) and Singapore (-14.1%) illustrated a downward trend over the same period. While the share of Indonesia (+11 p.p.), Vietnam (+3.2 p.p.) and the Philippines (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-5.1 p.p.) and Malaysia (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in South-Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by Vietnam, with an 11% share.

In Indonesia, confectionery-making industrial machinery imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (-10.3% per year) and Vietnam (-2.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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