Asia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Asia

The Asian machinery for packing market rose slightly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a notable increase 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in Asia

In value terms, machinery for packing production fell slightly to $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Machinery For Packing Exports

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of machinery for packing or wrapping, which increased by X% to X units in 2022. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, machinery for packing exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units) and Turkey (X units), together creating a X% share of total exports. Japan (X units), South Korea (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from China stood at X%. At the same time, Turkey (X%), India (X%) and Japan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Turkey, South Korea and India lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Machinery For Packing Imports

Imports in Asia

In 2022, purchases abroad of machinery for packing or wrapping increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machinery for packing imports fell to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the major importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by India (X units), South Korea (X units), Turkey (X units), Thailand (X units), Singapore (X units) and Vietnam (X units), together creating a X% share of total imports. Japan (X units), Taiwan (Chinese) (X units), Kazakhstan (X units), the United Arab Emirates (X units), Malaysia (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing imports into Indonesia stood at X%. At the same time, Kazakhstan (X%), the United Arab Emirates (X%), Vietnam (X%), Israel (X%), Taiwan (Chinese) (X%), India (X%), Singapore (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Turkey (X%) and Malaysia (X%) illustrated a downward trend over the same period. Indonesia (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Malaysia, Thailand, Japan and Turkey saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Turkey ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Korea, Vietnam, the United Arab Emirates, Thailand, Japan, Malaysia, Taiwan (Chinese), Singapore, Kazakhstan and Israel lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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