Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Asia

In 2022, the Asian sugar-manufacturing industrial machinery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Asia

In value terms, sugar-manufacturing industrial machinery production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.8%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Asia

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported in Asia; shrinking by -16.3% compared with the year before. Over the period under review, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when exports increased by 74%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports contracted slightly to $X in 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) and India (X units) dominates exports structure, together achieving 86% of total exports. The following exporters - Turkey (X units), Malaysia (X units) and the United Arab Emirates (X units) - together made up 8.2% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +67.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, together accounting for 83% of total exports. The United Arab Emirates and Malaysia lagged somewhat behind, together comprising a further 6.8%.

In terms of the main exporting countries, Malaysia, with a CAGR of +59.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by 19% against the previous year. Overall, the export price, however, recorded a deep setback. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.2%), while the other leaders experienced a decline in the export price figures.

Sugar-Manufacturing Industrial Machinery Imports

Imports in Asia

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, faced a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by 239%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports expanded rapidly to $X in 2022. In general, imports, however, faced a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 140% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Iran (X units), distantly followed by Myanmar (X units), Turkey (X units), India (X units), the Philippines (X units) and Uzbekistan (X units) were the main importers of industrial machinery for the manufacture or preparation of sugar, together mixing up 79% of total imports. Syrian Arab Republic (X units), Armenia (X units), Nepal (X units), Japan (X units) and Indonesia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +86.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Myanmar ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. These countries were followed by India, Japan, the Philippines, Nepal, Indonesia, Syrian Arab Republic, Uzbekistan and Armenia, which together accounted for a further 21%.

Japan, with a CAGR of +61.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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