China: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in China

For the third year in a row, the Chinese feedstuff preparing machinery market recorded decline in sales value, which decreased by X% to $X in 2023. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Feedstuff Preparing Machinery Production in China

In value terms, feedstuff preparing machinery production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Feedstuff preparing machinery production peaked at $X in 2021; afterwards, it flattened through to 2023.

Feedstuff Preparing Machinery Exports

Exports from China

Feedstuff preparing machinery exports from China surged to X units in 2023, growing by X% compared with 2022 figures. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, feedstuff preparing machinery exports rose markedly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Russia (X units), Bangladesh (X units) and India (X units) were the main destinations of feedstuff preparing machinery exports from China, with a combined X% share of total exports. Kazakhstan, Indonesia, Thailand, the United States, Vietnam, the Philippines, Romania, Saudi Arabia, Mexico and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for feedstuff preparing machinery exported from China were Russia ($X), India ($X) and Thailand ($X), together accounting for X% of total exports. Indonesia, Vietnam, Bangladesh, the Philippines, Malaysia, Kazakhstan, Saudi Arabia, the United States, Mexico and Romania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average feedstuff preparing machinery export price stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Feedstuff Preparing Machinery Imports

Imports into China

In 2023, the amount of machinery for preparing animal feedstuffs imported into China expanded to X units, picking up by X% against 2022 figures. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, feedstuff preparing machinery imports expanded markedly to $X in 2023. In general, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Israel (X units) and Canada (X units) were the main suppliers of feedstuff preparing machinery imports to China, together accounting for X% of total imports. Germany, France, Denmark, Italy, the United States, South Korea, Austria and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to China, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average feedstuff preparing machinery import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, saw a abrupt decrease. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform