Eastern Asia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Eastern Asia

The East Asian filling containers machinery market expanded sharply to $X.9B in 2022, surging by X% against the previous year. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market attained the peak level at $X.9B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Filling Containers Machinery Production in Eastern Asia

In value terms, filling containers machinery production rose notably to $X.2B in 2022 estimated in export price. In general, production, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X.3B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports in Eastern Asia

For the sixth year in a row, Eastern Asia recorded growth in overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by X% to X units in 2022. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, filling containers machinery exports expanded slightly to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

China (X units) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the machinery for filling, closing, sealing, capsuling or labelling containers exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest filling containers machinery supplier in Eastern Asia.

In China, filling containers machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Filling Containers Machinery Imports

Imports in Eastern Asia

In 2022, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, filling containers machinery imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The countries with the highest levels of filling containers machinery imports in 2022 were Hong Kong SAR (X units), China (X units), Japan (X units) and South Korea (X units), together accounting for X% of total import. It was distantly followed by Taiwan (Chinese) (X units), making up a X% share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported machinery for filling, closing, sealing, capsuling or labelling containers in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Japan, with an X% share.

In China, filling containers machinery imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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