Beverage Filter Market

The global beverage filter market is projected to see an increase in consumption, production, as well as import and export volumes over the next eight years. With an anticipated CAGR of +5.3% in volume terms and +6.2% in value terms from 2022 to 2030, the market is expected to reach 7.5M units and $3.9B respectively by the end of 2030. Mexico, China, and India are among the top consumers of beverage filters, while China leads in production volume. Germany, the United States, and Italy are major exporters of beverage filters. The average import prices fluctuate among countries, with the Netherlands showing the highest export price in 2022. Overall, the global beverage filter market is on a growth trajectory, with varying trends observed in different regions.

Market Forecast

Driven by rising demand for beverage filter worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market volume to 7.5M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $3.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Filtering And Purifying Beverages

In 2022, approx. 5M units of machinery for filtering and purifying beverages were consumed worldwide; declining by -11% compared with the previous year's figure. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of 6.7M units. From 2018 to 2022, the growth of the global consumption failed to regain momentum.

The global beverage filter market value declined to $2.4B in 2022, remaining 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 showed a relatively flat trend pattern. As a result, consumption reached the peak level of $2.9B. From 2018 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

Mexico (575K units) constituted the country with the largest volume of beverage filter consumption, accounting for 12% of total volume. Moreover, beverage filter consumption in Mexico exceeded the figures recorded by the second-largest consumer, India (278K units), twofold. The third position in this ranking was held by China (275K units), with a 5.5% share.

In Mexico, beverage filter consumption shrank by an average annual rate of -5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.4% per year) and China (-6.2% per year).

In value terms, Brazil ($598M) led the market, alone. The second position in the ranking was held by Russia ($244M). It was followed by Mexico.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: Russia (+2.5% per year) and Mexico (-5.8% per year).

The countries with the highest levels of beverage filter per capita consumption in 2022 were Mexico (4.4 units per 1000 persons), Germany (3.1 units per 1000 persons) and France (2.4 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +25.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Machinery For Filtering And Purifying Beverages

In 2022, the amount of machinery for filtering and purifying beverages produced worldwide reduced notably to 4.9M units, falling by -16% compared with 2021. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, global production hit record highs at 6.6M units in 2014; however, from 2015 to 2022, production failed to regain momentum.

In value terms, beverage filter production shrank to $1.9B in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. As a result, production reached the peak level of $2.8B. From 2018 to 2022, global production growth remained at a lower figure.

Production By Country

China (1.3M units) constituted the country with the largest volume of beverage filter production, accounting for 27% of total volume. Moreover, beverage filter production in China exceeded the figures recorded by the second-largest producer, Germany (332K units), fourfold. The third position in this ranking was taken by Italy (264K units), with a 5.4% share.

In China, beverage filter production increased at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+6.1% per year) and Italy (+7.9% per year).

Imports

World Imports of Machinery For Filtering And Purifying Beverages

Global beverage filter imports rose notably to 2.5M units in 2022, picking up by 12% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 48% against the previous year. As a result, imports reached the peak of 4M units. From 2014 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, beverage filter imports shrank to $305M in 2022. In general, imports, however, recorded a slight descent. The growth pace was the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, global imports reached the peak figure at $404M in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports By Country

Singapore (482K units) and Mexico (476K units) represented roughly 39% of total imports in 2022. It was distantly followed by the United States (234K units), India (180K units) and the Philippines (173K units), together committing a 24% share of total imports. France (95K units), Myanmar (77K units), the Czech Republic (61K units), Germany (51K units), Brazil (49K units), the Dominican Republic (46K units) and Argentina (42K units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +112.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($35M), France ($27M) and the United States ($17M) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. The Philippines, Argentina, Singapore, Mexico, the Czech Republic, India, Brazil, Myanmar and the Dominican Republic lagged somewhat behind, together accounting for a further 12%.

Myanmar, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average beverage filter import price amounted to $124 per unit, declining by -16.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 109%. As a result, import price attained the peak level of $274 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Germany ($696 per unit), while Mexico ($8.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Machinery For Filtering And Purifying Beverages

In 2022, the amount of machinery for filtering and purifying beverages exported worldwide shrank slightly to 2.4M units, with a decrease of -2.1% on the year before. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, the global exports attained the maximum at 3.8M units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, beverage filter exports totaled $349M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 9.4%. Over the period under review, the global exports hit record highs at $386M in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, China (1M units) was the main exporter of machinery for filtering and purifying beverages, constituting 44% of total exports. Singapore (419K units) ranks second in terms of the total exports with an 18% share, followed by Italy (10%) and Germany (5.2%). The United States (92K units), the UK (60K units), India (56K units), the Netherlands (49K units) and Taiwan (Chinese) (36K units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for filtering and purifying beverages exports, with a CAGR of +36.4% from 2012 to 2022. At the same time, Singapore (+35.6%), the Netherlands (+26.5%), Italy (+12.6%), India (+7.4%) and Germany (+6.6%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-3.9%), the UK (-7.7%) and the United States (-12.6%) illustrated a downward trend over the same period. China (+41 p.p.), Singapore (+17 p.p.), Italy (+6.9 p.p.), Germany (+2.3 p.p.) and the Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while the UK and the United States saw its share reduced by -3.3% and -11.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest beverage filter supplying countries worldwide were Italy ($65M), Germany ($59M) and the United States ($33M), with a combined 45% share of global exports. The Netherlands, China, the UK, India, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.

Among the main exporting countries, China, with a CAGR of +36.4%, saw the highest growth rate of 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 beverage filter export price stood at $147 per unit in 2022, increasing by 5.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 133%. Over the period under review, the average export prices attained the maximum at $331 per unit in 2018; however, from 2019 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 the Netherlands ($655 per unit), while Taiwan (Chinese) ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform