India: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in India

The Indian meat-preparation industrial machinery market totaled $X in 2022, surging by 6.1% against the previous year. Overall, consumption posted buoyant growth. Meat-preparation industrial machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat-Preparation Industrial Machinery Production in India

In value terms, meat-preparation industrial machinery production rose remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. Meat-preparation industrial machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from India

In 2022, exports of industrial machinery for the preparation of meat or poultry from India skyrocketed to X units, with an increase of 548% against the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 703%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 261%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units), Togo (X units) and Nepal (X units) were the main destinations of meat-preparation industrial machinery exports from India, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +74.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat-preparation industrial machinery exported from India were Nigeria ($X), Nepal ($X) and Malawi ($X), together comprising 74% of total exports.

In terms of the main countries of destination, Nepal, with a CAGR of +58.2%, saw 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 meat-preparation industrial machinery export price stood at $X per unit in 2022, reducing by -74.9% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 403% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per unit), while the average price for exports to Togo ($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 Malawi (+2.2%), while the prices for the other major destinations experienced a decline.

Meat-Preparation Industrial Machinery Imports

Imports into India

Meat-preparation industrial machinery imports into India skyrocketed to X units in 2022, increasing by 178% against the previous year. In general, imports posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of 306%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 149%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Singapore (X units) were the main suppliers of meat-preparation industrial machinery imports to India, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +85.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to India, comprising 37% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.9% share of total imports. It was followed by Spain, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.9% per year) and Spain (+21.3% per year).

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, which is down by -32.5% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 211% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 Netherlands (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :