India: Industrial Bakery Machinery Market 2025

Industrial Bakery Machinery Market Size in India

The Indian industrial bakery machinery market shrank to $X in 2022, with a decrease of -3.3% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Production in India

In value terms, industrial bakery machinery production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports from India

In 2022, overseas shipments of industrial bakery machinery were finally on the rise to reach X units after two years of decline. Overall, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial bakery machinery exports soared to $X in 2022. Over the period under review, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Bangladesh (X units) and the United Arab Emirates (X units) were the main destinations of industrial bakery machinery exports from India, with a combined 45% share of total exports. Nepal, Papua New Guinea, Canada, Nigeria, Italy, the UK, Ghana, Mozambique, Zambia and South Africa lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +79.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial bakery machinery exported from India were the United States ($X), Bangladesh ($X) and Nepal ($X), with a combined 46% share of total exports. These countries were followed by Papua New Guinea, Canada, Nigeria, Italy, the United Arab Emirates, the UK, Ghana, Mozambique, Zambia and South Africa, which together accounted for a further 34%.

Among the main countries of destination, Papua New Guinea, with a CAGR of +72.4%, recorded the highest growth rate of 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 industrial bakery machinery export price stood at $X per unit in 2022, with a decrease of -13.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 44%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (-1.1%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into India

In 2022, the amount of industrial bakery machinery imported into India shrank rapidly to X units, with a decrease of -34.6% on 2021 figures. In general, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then declined dramatically in the following year.

In value terms, industrial bakery machinery imports declined sharply to $X in 2022. Over the period under review, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 61%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial bakery machinery supplier to India, with a 35% share of total imports. Moreover, industrial bakery machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and Germany (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of industrial bakery machinery to India, comprising 35% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.3% per year) and Germany (+2.4% per year).

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, which is down by -5.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Austria ($X per unit), while the price for Portugal ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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