India: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in India

In 2022, the Indian sugar-manufacturing industrial machinery market increased by 22% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 -25.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in India

In value terms, sugar-manufacturing industrial machinery production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial machinery for the manufacture or preparation of sugar, when their volume decreased by -33.1% to X units. Overall, exports showed a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 237%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports shrank remarkably to $X in 2022. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 130% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X units) was the main destination for sugar-manufacturing industrial machinery exports from India, with a 34% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X units), twofold. Kenya (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-2.2% per year) and Kenya (-1.5% per year).

In value terms, Tanzania ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from India, comprising 34% of total exports. The second position in the ranking was held by Uganda ($X), with a 14% share of total exports. It was followed by Kenya, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-4.7% per year) and Kenya (-4.0% per year).

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, with an increase of 19% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 38%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uganda ($X per unit) and Tanzania ($X per unit), while the average price for exports to Guatemala ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-2.5%), while the prices for the other major destinations experienced a decline.

Sugar-Manufacturing Industrial Machinery Imports

Imports into India

In 2022, supplies from abroad of industrial machinery for the manufacture or preparation of sugar increased by 41% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 210%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports amounted to $X in 2022. Over the period under review, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 157% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Indonesia (X units) and China (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to India, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Indonesia ($X) were the largest sugar-manufacturing industrial machinery suppliers to India, together comprising 83% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +114.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, falling by -26.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 81%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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