Global Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size

The global milling industry machinery market rose sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Milling Industry Machinery Production

In value terms, milling industry machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted temperate growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports

In 2022, after five years of growth, there was significant decline in shipments abroad of milling industry machinery, when their volume decreased by X% to X units. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure at X units in 2021, and then declined sharply in the following year.

In value terms, milling industry machinery exports shrank slightly to $X in 2022. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of milling industry machinery in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units) and Turkey (X units), together making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to milling industry machinery exports from China stood at X%. At the same time, India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of India (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), China ($X) and India ($X) were the countries with the highest levels of exports in 2022, together comprising X% of global exports.

Among the main exporting countries, China, with a CAGR of X%, saw 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

The average milling industry machinery export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while India ($X per unit) was amongst the lowest.

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

Milling Industry Machinery Imports

Imports

In 2022, approx. X units of milling industry machinery were imported worldwide; picking up by X% compared with the previous year's figure. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, milling industry machinery imports amounted to $X in 2022. Over the period under review, imports, however, saw a mild descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, global imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the major importing country with an import of around X units, which resulted at X% of total imports. Myanmar (X units) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%). Bangladesh (X units), Indonesia (X units), Georgia (X units), Nigeria (X units), the United States (X units), Moldova (X units), Brazil (X units), Kenya (X units), Canada (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to milling industry machinery imports into India stood at X%. At the same time, Georgia (X%), Sri Lanka (X%), Myanmar (X%), Moldova (X%), the Philippines (X%), Canada (X%), the United States (X%), Bangladesh (X%), Kenya (X%), Indonesia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Myanmar (X p.p.), the Philippines (X p.p.), Georgia (X p.p.) and Moldova (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest milling industry machinery importing markets worldwide were India ($X), Nigeria ($X) and Bangladesh ($X), with a combined X% share of global imports. Indonesia, the United States, Brazil, Canada, Myanmar, the Philippines, Kenya, Sri Lanka, Georgia and Moldova lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average milling industry machinery import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :