India: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from India

In 2022, exports of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate from India surged to X units, jumping by 54% against the year before. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.1% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, confectionery-making industrial machinery exports skyrocketed to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and Togo (X units) were the main destinations of confectionery-making industrial machinery exports from India, together comprising 34% of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +75.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery-making industrial machinery exported from India were the United States ($X), Sri Lanka ($X) and Angola ($X), with a combined 35% share of total exports.

In terms of the main countries of destination, Angola, with a CAGR of +220.8%, 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

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, with a decrease of -17.4% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, confectionery-making industrial machinery export price decreased by -18.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 33%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to the United Arab Emirates ($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 Iraq (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into India

In 2022, confectionery-making industrial machinery imports into India shrank modestly to X units, approximately equating the year before. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2015 with an increase of 65%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, confectionery-making industrial machinery imports fell to $X in 2022. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2015 when imports increased by 79%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of confectionery-making industrial machinery imports to India, together accounting for 71% of total imports. These countries were followed by Switzerland, the Netherlands, Belgium, Turkey and the UK, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +51.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest confectionery-making industrial machinery suppliers to India were Germany ($X), Italy ($X) and China ($X), together comprising 72% of total imports. Switzerland, the Netherlands, Belgium, Turkey and the UK lagged somewhat behind, together comprising a further 22%.

Switzerland, with a CAGR of +56.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2022, declining by -7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 20%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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