China: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in China

The Chinese filling containers machinery market was finally on the rise to reach $X in 2023, after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Filling Containers Machinery Production in China

In value terms, filling containers machinery production reached $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Filling Containers Machinery Exports

Exports from China

In 2023, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units for the first time since 2016, thus ending a six-year rising trend. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, filling containers machinery exports stood at $X in 2023. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for filling containers machinery exports from China, with a X% share of total exports. Moreover, filling containers machinery exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Indonesia (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for filling containers machinery exported from China were the United States ($X), Russia ($X) and Indonesia ($X), with a combined X% share of total exports. Vietnam, Malaysia, Mexico, Australia, Germany, Japan, Spain, Kazakhstan, the Netherlands and Slovenia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovenia, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure 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 for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into China

In 2023, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units, falling for the fourth year in a row after five years of growth. In general, imports saw a deep downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, filling containers machinery imports reduced rapidly to $X in 2023. Overall, imports showed a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), Sweden (X units) and South Korea (X units) were the main suppliers of filling containers machinery imports to China, with a combined X% share of total imports. The United States, Germany, Japan, Italy and Norway lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Italy ($X) and Japan ($X) were the largest filling containers machinery suppliers to China, with a combined X% share of total imports. Sweden, South Korea, Taiwan (Chinese), the United States and Norway lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average filling containers machinery import price amounted to $X per unit, surging by X% against the previous year. In general, the import price saw a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform