Asia: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Asia

In 2022, the Asian industrial bakery machinery market decreased by -10% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Asia

In value terms, industrial bakery machinery production fell slightly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +4.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Industrial Bakery Machinery Exports

Exports in Asia

In 2022, the amount of industrial bakery machinery exported in Asia rose remarkably to X units, with an increase of 8.8% against the previous year. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by 47%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, industrial bakery machinery exports fell to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China represented the key exporting country with an export of around X units, which reached 73% of total exports. It was distantly followed by Turkey (X units), constituting an 11% share of total exports. Japan (X units), Taiwan (Chinese) (X units), Lebanon (X units), India (X units) and South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the industrial bakery machinery exports, with a CAGR of +22.9% from 2012 to 2022. At the same time, India (+11.5%) and Turkey (+6.8%) displayed positive paces of growth. Lebanon experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-1.1%), South Korea (-1.6%) and Japan (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +45 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest industrial bakery machinery supplier in Asia, comprising 50% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports. It was followed by Turkey, with a 12% share.

In China, industrial bakery machinery exports expanded at an average annual rate of +7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.2% per year) and Turkey (+7.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, which is down by -9% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by 0.9%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+5.5%), while the other leaders experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports in Asia

In 2022, the amount of industrial bakery machinery imported in Asia reduced to X units, which is down by -12.9% on the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, industrial bakery machinery imports reduced notably to $X in 2022. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Indonesia (X units), distantly followed by China (X units), South Korea (X units), Malaysia (X units) and Bangladesh (X units) represented the key importers of industrial bakery machinery, together making up 39% of total imports. The United Arab Emirates (X units), Qatar (X units), India (X units), Iran (X units), Turkey (X units), Kazakhstan (X units), Iraq (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery imports into Indonesia stood at +4.0%. At the same time, Qatar (+28.4%), Bangladesh (+15.0%), Iraq (+14.0%), South Korea (+6.3%), India (+2.3%) and Iran (+2.1%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +28.4% from 2012-2022. Thailand, Kazakhstan and Malaysia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.8%), China (-5.3%) and Turkey (-7.1%) illustrated a downward trend over the same period. While the share of Qatar (+3.9 p.p.), Indonesia (+3.5 p.p.), Bangladesh (+3.2 p.p.), Iraq (+2.1 p.p.) and South Korea (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-1.9 p.p.), Turkey (-5.5 p.p.) and China (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial bakery machinery in Asia, comprising 15% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.4% share of total imports. It was followed by Indonesia, with a 6.5% share.

In China, industrial bakery 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 (+4.8% per year) and Indonesia (-3.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, which is down by -10% against the previous year. In general, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 an increase of 2.4%. The level of import peaked 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 China ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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