Report Update Apr 13, 2024

World - Milling Industry Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Global Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size

In 2023, the global milling industry machinery market increased by less than X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption, however, continues to indicate a buoyant expansion. Global consumption peaked in 2023 and is expected to retain growth in years to come.

Milling Industry Machinery Production

In value terms, milling industry machinery production dropped slightly to $X in 2023 estimated in export price. Overall, production, however, showed a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Milling Industry Machinery Exports

Exports

In 2023, global milling industry machinery exports expanded notably to X units, growing by X% compared with the previous year's figure. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The global exports peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, milling industry machinery exports fell modestly to $X in 2023. In general, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X units, which reached X% of total exports. India (X units) held the second position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. X% share of total exports. Turkey (X units) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and India ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average milling industry machinery export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced a decline in the export price figures.

Milling Industry Machinery Imports

Imports

In 2023, global milling industry machinery imports skyrocketed to X units, picking up by X% compared with 2022 figures. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Global imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, milling industry machinery imports rose slightly to $X in 2023. Over the period under review, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X units), distantly followed by Indonesia (X units), Cambodia (X units), Vietnam (X units), the Philippines (X units), Myanmar (X units) and Nepal (X units) represented the largest importers of milling industry machinery, together making up X% of total imports. Madagascar (X units), Lao People's Democratic Republic (X units), Nigeria (X units), the United States (X units), Bangladesh (X units) and Thailand (X units) took a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Madagascar (X%), the Philippines (X%), Cambodia (X%), the United States (X%), Thailand (X%), Nepal (X%), Lao People's Democratic Republic (X%), Indonesia (X%), Vietnam (X%), Bangladesh (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Myanmar (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Cambodia (X p.p.), the Philippines (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Myanmar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported milling industry machinery worldwide, comprising X% of global imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the global milling industry machinery market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931300 - Machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excluding farm-type machinery)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023