Global Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size

The global confectionery-making industrial machinery market expanded modestly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Confectionery-Making Industrial Machinery Production

In value terms, confectionery-making industrial machinery production expanded to $X in 2023 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports

In 2023, global confectionery-making industrial machinery exports surged to X units, jumping by X% compared with the previous year. In general, total exports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The global exports peaked in 2023 and are likely to continue growth in the near future.

In value terms, confectionery-making industrial machinery exports skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, China (X units), distantly followed by Germany (X units), Turkey (X units), the Netherlands (X units), Italy (X units) and the United States (X units) represented the largest exporters of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, together constituting X% of total exports. Belgium (X units), Switzerland (X units), Denmark (X units), the UK (X units) and France (X units) followed a long way behind the leaders.

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

In value terms, the largest confectionery-making industrial machinery supplying countries worldwide were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of global exports. Turkey, China, Denmark, Switzerland, the UK, the United States, Belgium and France lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey, with a CAGR of X%, 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 $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight downturn. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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 Denmark ($X per unit), while the United States ($X per unit) was amongst the lowest.

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

Confectionery-Making Industrial Machinery Imports

Imports

After four years of decline, purchases abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by X% to X units in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, confectionery-making industrial machinery imports surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X units), distantly followed by India (X units) were the largest importers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, together generating X% of total imports. The following importers - Russia (X units), Tanzania (X units), Indonesia (X units), Latvia (X units), Morocco (X units), the UK (X units), Canada (X units), Turkey (X units), China (X units), Belgium (X units) and Mexico (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to confectionery-making industrial machinery imports into the United States stood at X%. At the same time, Tanzania (X%), Latvia (X%), the UK (X%), Canada (X%), Morocco (X%), India (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Russia (X%), Turkey (X%), Mexico (X%), Indonesia (X%) and China (X%) illustrated a downward trend over the same period. The United States (X p.p.), Tanzania (X p.p.), Latvia (X p.p.), the UK (X p.p.), India (X p.p.) and Canada (X p.p.) significantly strengthened its position in terms of the global imports, while Mexico, Turkey, Russia, Indonesia and China saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Russia (X% per year).

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per unit), while Belgium ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform