Asia-Pacific: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Asia-Pacific

In 2022, after two years of decline, there was significant growth in the Asia-Pacific sugar-manufacturing industrial machinery market, when its value increased by 8.3% to $X. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Asia-Pacific

In value terms, sugar-manufacturing industrial machinery production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight slump. The growth pace was the most rapid in 2020 when the production volume increased by 7.3%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Asia-Pacific

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported in Asia-Pacific; declining by -16.5% on the year before. In general, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports expanded to $X in 2022. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) and India (X units) prevails in exports structure, together mixing up 89% of total exports. The following exporters - Malaysia (X units) and Australia (X units) - each finished at a 5.7% share 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 mixed trends in the exports figures.

In value terms, India ($X), China ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +59.8%, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 22% against the previous year. In general, the export price, however, recorded a perceptible decline. The level of export peaked at $X per unit in 2013; however, from 2014 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 Australia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.2%), while the other leaders experienced a decline in the export price figures.

Sugar-Manufacturing Industrial Machinery Imports

Imports in Asia-Pacific

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar were finally on the rise to reach X units after three years of decline. Overall, imports, however, showed a precipitous slump. The pace of growth appeared the most rapid in 2015 with an increase of 253%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 133%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Myanmar (X units) represented the largest importer of industrial machinery for the manufacture or preparation of sugar, generating 37% of total imports. India (X units) ranks second in terms of the total imports with a 19% share, followed by the Philippines (13%). The following importers - Nepal (X units), Japan (X units), Indonesia (X units), Vietnam (X units), China (X units), Pakistan (X units), Singapore (X units), Thailand (X units), Australia (X units) and Malaysia (X units) - together made up 28% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Japan (with a CAGR of +86.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Asia-Pacific, comprising 40% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by Pakistan, with an 11% share.

In Myanmar, sugar-manufacturing industrial machinery imports expanded at an average annual rate of +30.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-11.3% per year) and Pakistan (+4.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, which is down by -2.4% against the previous year. Over the period under review, the import price, however, showed a mild expansion. The most prominent rate of growth was recorded in 2019 when the import price increased by 60% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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