Eastern Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Eastern Asia

The East Asian sugar-manufacturing industrial machinery market skyrocketed to $X.1B in 2022, picking up by X% against the previous year. In general, consumption, however, showed a perceptible reduction. The level of consumption peaked at $X.1B in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Eastern Asia

In value terms, sugar-manufacturing industrial machinery production stood at $X.9B in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X.7B. From 2015 to 2022, production growth remained at a lower figure.

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Sugar-Manufacturing Industrial Machinery Exports

Exports in Eastern Asia

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate a prominent expansion. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. The following exporters - Hong Kong SAR (X units), Japan (X units) and South Korea (X units) - each resulted at a X% share of total exports.

China was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2022. Japan (X%), South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest sugar-manufacturing industrial machinery supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the 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 Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Sugar-Manufacturing Industrial Machinery Imports

Imports in Eastern Asia

In 2022, imports of industrial machinery for the manufacture or preparation of sugar in Eastern Asia skyrocketed to X units, with an increase of X% on the year before. In general, imports enjoyed a modest expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units) and Japan (X units) represented roughly X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), making up a X% share of total imports. The following importers - China (X units), Democratic People's Republic of Korea (X units) and Taiwan (Chinese) (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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