Global Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size

The global food manufacture machinery market surged to $X.5B in 2022, growing by X% against the previous year. In general, consumption recorded slight growth. Over the period under review, the global market hit record highs at $X.5B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Food Manufacture Machinery Production

In value terms, food manufacture machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports

Global food manufacture machinery exports soared to X units in 2022, picking up by X% against the previous year. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume 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 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, food manufacture machinery exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. India (X units) held the second position in the ranking, followed by Italy (X units). All these countries together held near X% share of total exports. The following exporters - Germany (X units), Switzerland (X units), Singapore (X units), Spain (X units), Taiwan (Chinese) (X units) and the United States (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to food manufacture machinery exports from China stood at X%. At the same time, India (X%), Taiwan (Chinese) (X%), Singapore (X%), Italy (X%), the United States (X%), Germany (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of global exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

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

Food Manufacture Machinery Imports

Imports

In 2022, approx. X units of machinery for the preparation or manufacture of food or drink were imported worldwide; picking up by X% on the year before. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports amounted to $X in 2022. The total import value increased at an average annual rate of X% 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 when imports increased by X%. Over the period under review, global imports attained the peak figure at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Canada (X units) and the United States (X units) represented the largest importers of machinery for the preparation or manufacture of food or drinkin the world, together accounting for near X% of total imports. China (X units), India (X units), South Africa (X units), Russia (X units), Singapore (X units), Malaysia (X units), Argentina (X units) and Thailand (X units) followed a long way behind the leaders.

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

In value terms, the United States ($X) constitutes the largest market for imported machinery for the preparation or manufacture of food or drink worldwide, comprising X% of global imports. The second position in the ranking was taken by Russia ($X), with a X% share of global imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and China (X% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Russia ($X per unit), while Canada ($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 other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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