Global Machinery For Packing Market 2024

Machinery For Packing Market Size

The global machinery for packing market reached $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production

In value terms, machinery for packing production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Machinery For Packing Exports

Exports

In 2022, approx. X units of machinery for packing or wrapping were exported worldwide; growing by 5.6% compared with the previous year's figure. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +55.6% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, machinery for packing exports reduced to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 11%. The global exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, China (X units) and Italy (X units) were the main exporters of machinery for packing or wrappingaround the world, together accounting for near 53% of total exports. It was distantly followed by Germany (X units), creating an 8.7% share of total exports. Taiwan (Chinese) (X units), the Netherlands (X units), Turkey (X units), Spain (X units), Canada (X units) and Japan (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +25.8%), while the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, together comprising 54% of global exports. The Netherlands, Spain, Japan, Canada, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 20%.

Canada, with a CAGR of +7.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, reducing by -16.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of 4.5%. The global export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the other global leaders experienced mixed trends in the export price figures.

Machinery For Packing Imports

Imports

Global machinery for packing imports rose modestly to X units in 2022, with an increase of 1.9% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 11%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, machinery for packing imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 10%. Global imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the United States (X units) represented the key importer of machinery for packing or wrapping, creating 22% of total imports. It was distantly followed by Russia (X units), achieving a 4.9% share of total imports. The UK (X units), China (X units), Germany (X units), France (X units), Canada (X units), Indonesia (X units), Mexico (X units), Spain (X units), South Korea (X units), India (X units) and the Netherlands (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the machinery for packing or wrapping imports, with a CAGR of +13.9% from 2012 to 2022. At the same time, the UK (+8.3%), the Netherlands (+7.0%), Canada (+6.5%), Spain (+6.3%), South Korea (+5.6%), Mexico (+4.8%), India (+4.4%), Indonesia (+3.3%) and Russia (+2.3%) displayed positive paces of growth. France and Germany experienced a relatively flat trend pattern. By contrast, China (-7.0%) illustrated a downward trend over the same period. The United States (+14 p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -6.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported machinery for packing or wrapping worldwide, comprising 18% of global imports. The second position in the ranking was taken by China ($X), with a 7% share of global imports. It was followed by Russia, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +8.8%. The remaining importing countries recorded the following average annual rates of imports growth: China (-2.4% per year) and Russia (-2.4% per year).

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, declining by -8.5% against the previous year. Overall, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 6.1%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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