Eastern Asia: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Eastern Asia

In 2022, the East Asian fats preparation machinery market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fats Preparation Machinery Production in Eastern Asia

In value terms, fats preparation machinery production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Eastern Asia

In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils exported in Eastern Asia surged to X units, with an increase of X% against the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fats preparation machinery exports surged to $X in 2022. In general, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X units) represented the main exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Eastern Asia, achieving X% of total export.

China was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

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.

Fats Preparation Machinery Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded decline in overseas purchases of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, which decreased by X% to X units in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fats preparation machinery imports dropped sharply to $X in 2022. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) was the major importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Eastern Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Japan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Democratic People's Republic of Korea (X%). The following importers - South Korea (X units) and Hong Kong SAR (X units) - together made up X% of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils imports, with a CAGR of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, China (X%), South Korea (X%) and Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while China, South Korea and Democratic People's Republic of Korea saw its share reduced by 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, the largest fats preparation machinery importing markets in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and Japan ($X), together accounting for X% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The level of import peaked at $X per unit in 2014; however, from 2015 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 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 Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform