Confectionery-Making Industrial Machinery Market

The global confectionery-making industrial machinery market is projected to increase in both volume and value from 2022 to 2030. China leads in both consumption and production, while the United States is a key importer. Average prices have fluctuated over the years, with noticeable growth rates in certain countries. Detailed analysis of trends and key players is provided.

Market Forecast

Driven by rising demand for confectionery-making industrial machinery worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market volume to 110K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $8.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Industrial Machinery For The Manufacture Or Preparation Of Confectionery, Cocoa Or Chocolate

After two years of decline, consumption of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 0.9% to 84K units in 2022. Over the period under review, consumption, however, continues to indicate a mild contraction. Over the period under review, global consumption attained the peak volume at 114K units in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

The global confectionery-making industrial machinery market revenue totaled $5.7B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Global consumption peaked at $6.5B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Consumption By Country

China (19K units) remains the largest confectionery-making industrial machinery consuming country worldwide, comprising approx. 23% of total volume. Moreover, confectionery-making industrial machinery consumption in China exceeded the figures recorded by the second-largest consumer, India (7.6K units), threefold. The third position in this ranking was held by the United States (4.3K units), with a 5.2% share.

In China, confectionery-making industrial machinery consumption increased at an average annual rate of +2.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+7.0% per year) and the United States (+1.6% per year).

In value terms, China ($1.1B), India ($845M) and Japan ($478M) were the countries with the highest levels of market value in 2022, with a combined 43% share of the global market.

India, with a CAGR of +9.9%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of confectionery-making industrial machinery per capita consumption in 2022 were Italy (68 units per million persons), Germany (35 units per million persons) and Turkey (34 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +8.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Industrial Machinery For The Manufacture Or Preparation Of Confectionery, Cocoa Or Chocolate

In 2022, production of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 3.7% to 88K units for the first time since 2019, thus ending a two-year declining trend. Overall, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12% against the previous year. Over the period under review, global production attained the maximum volume at 112K units in 2014; however, from 2015 to 2022, production remained at a lower figure.

In value terms, confectionery-making industrial machinery production declined to $6B in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21%. Over the period under review, global production hit record highs at $7.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (23K units) constituted the country with the largest volume of confectionery-making industrial machinery production, accounting for 26% of total volume. Moreover, confectionery-making industrial machinery production in China exceeded the figures recorded by the second-largest producer, India (7.3K units), threefold. Italy (5.7K units) ranked third in terms of total production with a 6.5% share.

In China, confectionery-making industrial machinery production increased at an average annual rate of +4.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+7.9% per year) and Italy (-18.5% per year).

Imports

World Imports of Industrial Machinery For The Manufacture Or Preparation Of Confectionery, Cocoa Or Chocolate

Global confectionery-making industrial machinery imports shrank modestly to 14K units in 2022, dropping by -4.1% on the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, global imports reached the maximum at 15K units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports contracted to $961M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 27%. As a result, imports attained the peak of $1.2B. From 2019 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

In 2022, the United States (1.9K units), distantly followed by Indonesia (695 units) and Cote d'Ivoire (683 units) represented the key importers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, together achieving 23% of total imports. The following importers - Russia (634 units), Argentina (511 units), Thailand (456 units), Nigeria (386 units), Canada (351 units), Iran (332 units), the UK (322 units), India (310 units), Turkey (303 units) and Algeria (280 units) - together made up 27% of total imports.

From 2012 to 2022, average annual rates of growth with regard to confectionery-making industrial machinery imports into the United States stood at +13.8%. At the same time, Cote d'Ivoire (+26.5%), Argentina (+25.4%), Nigeria (+19.0%), Iran (+17.7%), the UK (+13.5%), Thailand (+13.3%), Canada (+11.4%) and Algeria (+10.4%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in the world, with a CAGR of +26.5% from 2012-2022. By contrast, Indonesia (-3.3%), India (-3.4%), Russia (-5.3%) and Turkey (-8.3%) illustrated a downward trend over the same period. While the share of the United States (+9.7 p.p.), Cote d'Ivoire (+4.3 p.p.), Argentina (+3.2 p.p.), Thailand (+2.2 p.p.), Nigeria (+2.2 p.p.), Iran (+1.9 p.p.), the UK (+1.6 p.p.) and Canada (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Indonesia (-2.3 p.p.), Turkey (-3.3 p.p.) and Russia (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($165M) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate worldwide, comprising 17% of global imports. The second position in the ranking was held by Indonesia ($59M), with a 6.2% share of global imports. It was followed by Russia, with a 5.6% share.

In the United States, confectionery-making industrial machinery imports expanded at an average annual rate of +14.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+0.8% per year) and Russia (-7.2% per year).

Import Prices By Country

In 2022, the average confectionery-making industrial machinery import price amounted to $67,930 per unit, shrinking by -2.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. As a result, import price attained the peak level of $75,477 per unit. From 2019 to 2022, the average import prices remained at a somewhat 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 the UK ($92,475 per unit), while Thailand ($3,934 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+6.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Industrial Machinery For The Manufacture Or Preparation Of Confectionery, Cocoa Or Chocolate

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 11% to 18K units, rising for the second consecutive year after two years of decline. Overall, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +23.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, confectionery-making industrial machinery exports contracted to $982M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $1.2B. From 2019 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

The shipments of the five major exporters of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, namely China, the United States, Germany, Turkey and Italy, represented more than two-thirds of total export. It was distantly followed by the Netherlands (1K units), comprising a 5.9% share of total exports. Belgium (700 units), the UK (517 units), Denmark (415 units), France (287 units) and Switzerland (281 units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United States (with a CAGR of +32.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($240M), Italy ($161M) and the Netherlands ($135M) were the countries with the highest levels of exports in 2022, together comprising 55% of global exports. China, Turkey, Denmark, the UK, Switzerland, Belgium, the United States and France lagged somewhat behind, together accounting for a further 33%.

In terms of the main exporting countries, Turkey, with a CAGR of +13.9%, recorded 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 confectionery-making industrial machinery export price stood at $55,495 per unit in 2022, reducing by -19.2% against the previous year. Overall, the export price saw a perceptible downturn. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $93,500 per unit. From 2015 to 2022, the average 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 the Netherlands ($130,541 per unit), while the United States ($7,344 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform