Food Manufacture Machinery Market

The global market for machinery for the preparation or manufacture of food or drink is predicted to see significant growth from 2022 to 2030. Consumption and production are expected to increase, with a projected volume of 7.5M units and market value of $13,305.6B by the end of 2030. Major players in consumption and production include Norway, China, and Canada. Imports and exports are also on the rise, with China leading in exports and the United States leading in imports. Overall, the market is poised for continued growth in the near future.

Market Forecast

Driven by increasing demand for machinery for the preparation or manufacture of food or drink worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market volume to 7.5M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +9.1% for the period from 2022 to 2030, which is projected to bring the market value to $13,305.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For The Preparation Or Manufacture Of Food Or Drink

In 2022, consumption of machinery for the preparation or manufacture of food or drink was finally on the rise to reach 5.5M units for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 -11.6% against 2019 indices. Over the period under review, global consumption reached the maximum volume at 6.2M units in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global food manufacture machinery market value soared to $6,608.5B in 2022, picking up by 6,094% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a slight expansion. Over the period under review, the global market hit record highs at $13,041B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Norway (1M units), China (637K units) and Canada (402K units), with a combined 38% share of global consumption. The United States, Ireland, Italy, Russia, Germany, Japan, Malaysia, Brazil, Mexico and India lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +29.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Norway ($6,591.4B) led the market, alone. The second position in the ranking was taken by Russia ($2.5B). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in Norway totaled +1.5%. In the other countries, the average annual rates were as follows: Russia (+6.0% per year) and Japan (+1.0% per year).

In 2022, the highest levels of food manufacture machinery per capita consumption was registered in Norway (190 units per 1000 persons), followed by Ireland (54 units per 1000 persons), Canada (10 units per 1000 persons) and Malaysia (4.3 units per 1000 persons), while the world average per capita consumption of food manufacture machinery was estimated at 0.7 units per 1000 persons.

In Norway, food manufacture machinery per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ireland (+0.8% per year) and Canada (+18.4% per year).

Production

World Production of Machinery For The Preparation Or Manufacture Of Food Or Drink

Global food manufacture machinery production skyrocketed to 5M units in 2022, picking up by 25% compared with the previous year's figure. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.1% against 2020 indices. Over the period under review, global production reached the maximum volume at 5.5M units in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, food manufacture machinery production amounted to $14.7B in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 78% against the previous year. As a result, production reached the peak level of $15.7B. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.6M units), Norway (1M units) and Italy (317K units), together comprising 60% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Italy (with a CAGR of +26.8%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Machinery For The Preparation Or Manufacture Of Food Or Drink

In 2022, approx. 2.3M units of machinery for the preparation or manufacture of food or drink were imported worldwide; surging by 2.2% compared with the previous year. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.4% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, food manufacture machinery imports amounted to $3.1B in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; 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 2018 with an increase of 18%. Global imports peaked at $3.1B in 2019; afterwards, it flattened through to 2022.

Imports By Country

Canada (403K units) and the United States (385K units) represented the major importers of machinery for the preparation or manufacture of food or drink in 2022, amounting to near 18% and 17% of total imports, respectively. It was distantly followed by Malaysia (142K units), making up a 6.3% share of total imports. The following importers - India (97K units), Argentina (81K units), Russia (64K units), Egypt (60K units), China (58K units), Thailand (53K units), South Africa (51K units), Switzerland (44K units), Ecuador (42K units) and the UK (39K units) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +42.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($412M) constitutes the largest market for imported machinery for the preparation or manufacture of food or drink worldwide, comprising 13% of global imports. The second position in the ranking was taken by Russia ($192M), with a 6.3% share of global imports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +6.7%. In the other countries, the average annual rates were as follows: Russia (-0.5% per year) and China (-1.1% per year).

Import Prices By Country

In 2022, the average food manufacture machinery import price amounted to $1,354 per unit, falling by -2.1% against the previous year. Overall, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of 5% against the previous year. Global import price peaked at $2,099 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($2,995 per unit), while Argentina ($155 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Machinery For The Preparation Or Manufacture Of Food Or Drink

For the fifth year in a row, the global market recorded growth in shipments abroad of machinery for the preparation or manufacture of food or drink, which increased by 7.5% to 1.8M units in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 96%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, food manufacture machinery exports stood at $3.2B in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17%. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports By Country

China represented the key exporting country with an export of around 1.1M units, which accounted for 60% of total exports. India (243K units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (85K units). All these countries together took near 19% share of total exports. The following exporters - Italy (69K units), Germany (43K units) and Spain (27K units) - together made up 7.8% of total exports.

Exports from China increased at an average annual rate of +12.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+41.2%), India (+33.0%), Italy (+14.5%), Spain (+12.0%) and Germany (+7.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +41.2% from 2012-2022. From 2012 to 2022, the share of India, China and Taiwan (Chinese) increased by +11, +5.8 and +4.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest food manufacture machinery supplying countries worldwide were Italy ($481M), Germany ($458M) and China ($442M), with a combined 44% share of global exports.

China, with a CAGR of +9.7%, saw 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 food manufacture machinery export price stood at $1,786 per unit in 2022, falling by -4.3% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2017 an increase of 99%. As a result, the export price reached the peak level of $5,643 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($10,775 per unit), while India ($267 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform