South-Eastern Asia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in South-Eastern Asia

The Southeast Asian food manufacture machinery market skyrocketed to $X in 2021, with an increase of 17% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Food Manufacture Machinery Production in South-Eastern Asia

In value terms, food manufacture machinery production skyrocketed to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.9% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 33%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Food Manufacture Machinery Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was growth in shipments abroad of machinery for the preparation or manufacture of food or drink, when their volume increased by 3.7% to X units. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, food manufacture machinery exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 39%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X units) and the Philippines (X units) represented roughly 67% of total exports in 2021. Singapore (X units) ranks next in terms of the total exports with a 17% share, followed by Vietnam (12%). The following exporters - Malaysia (X units) and Indonesia (X units) - each finished at a 4.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +55.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Malaysia ($X), with a combined 74% share of total exports. These countries were followed by the Philippines, Vietnam and Indonesia, which together accounted for a further 26%.

In terms of the main exporting countries, the Philippines, with a CAGR of +65.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 27% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 27%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports in South-Eastern Asia

In 2021, food manufacture machinery imports in South-Eastern Asia surged to X units, jumping by 39% on 2020 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, food manufacture machinery imports stood at $X in 2021. In general, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 15%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X units) was the largest importer of machinery for the preparation or manufacture of food or drink, achieving 65% of total imports. Vietnam (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (11%) and Thailand (6.4%). Singapore (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to food manufacture machinery imports into Indonesia stood at +2.8%. At the same time, Singapore (+10.2%), Malaysia (+9.5%) and Vietnam (+2.7%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +10.2% from 2012-2021. By contrast, Thailand (-16.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Malaysia, Vietnam and Singapore increased by +13, +6.2, +2.2 and +2.1 percentage points, respectively.

In value terms, the largest food manufacture machinery importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), with a combined 71% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +7.0%, 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 South-Eastern Asia amounted to $X per unit, which is down by -19.8% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2020 when the import price increased by 47%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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