China: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in China

In 2022, the Chinese food manufacture machinery market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption saw a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Food Manufacture Machinery Production in China

In value terms, food manufacture machinery production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from China

In 2022, shipments abroad of machinery for the preparation or manufacture of food or drink increased by X% to X units, rising for the fourth year in a row after four years of decline. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, food manufacture machinery exports expanded sharply to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for food manufacture machinery exports from China, with a X% share of total exports. Moreover, food manufacture machinery exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. Thailand (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Thailand (X% per year).

In value terms, the largest markets for food manufacture machinery exported from China were the United States ($X), India ($X) and Thailand ($X), with a combined X% share of total exports. Indonesia, Malaysia, Mexico, the Philippines, Ecuador, Canada, Germany, Chile, Italy and Guatemala lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 food manufacture machinery export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, saw modest growth. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Food Manufacture Machinery Imports

Imports into China

For the fifth consecutive year, China recorded growth in overseas purchases of machinery for the preparation or manufacture of food or drink, which increased by X% to X units in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, food manufacture machinery imports stood at $X in 2022. Overall, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest food manufacture machinery supplier to China, with a X% share of total imports. Moreover, food manufacture machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Japan ($X), Italy ($X) and Germany ($X) were the largest food manufacture machinery suppliers to China, together accounting for X% of total imports. The United States, Singapore, Switzerland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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