U.S.: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from the U.S.

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 21% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, confectionery-making industrial machinery exports skyrocketed to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Canada (X units) and the UK (X units) were the main destinations of confectionery-making industrial machinery exports from the United States, together comprising 63% of total exports. Brazil, the Netherlands, Germany, Belgium, Israel, Vietnam and China lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +63.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery-making industrial machinery exported from the United States were Mexico ($X), Canada ($X) and Brazil ($X), together accounting for 75% of total exports. These countries were followed by the UK, the Netherlands, Germany, Israel, Belgium, Vietnam and China, which together accounted for a further 12%.

In terms of the main countries of destination, Israel, with a CAGR of +39.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other 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, surging by 3.7% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 13% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-1.4%), while the prices for the other major destinations experienced a decline.

Confectionery-Making Industrial Machinery Imports

Imports into the U.S.

For the fourth year in a row, the United States recorded growth in supplies from abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, which increased by 8.1% to X units in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, confectionery-making industrial machinery imports expanded remarkably to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X units), Italy (X units) and Germany (X units) were the main suppliers of confectionery-making industrial machinery imports to the United States, with a combined 60% share of total imports. These countries were followed by China, the UK, Denmark and Australia, which together accounted for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery suppliers to the United States were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 64% share of total imports. These countries were followed by China, Denmark, the UK and Australia, which together accounted for a further 21%.

China, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, shrinking by -2.3% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 11%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Australia ($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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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