India: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in India

The Indian poultry-keeping machinery market rose modestly to $X in 2022, with an increase of 1.8% against the previous year. Over the period under review, consumption, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.2% against the previous year. Poultry-keeping machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry-Keeping Machinery Production in India

In value terms, poultry-keeping machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Poultry-keeping machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry-Keeping Machinery Exports

Exports from India

For the third consecutive year, India recorded growth in overseas shipments of poultry-keeping machinery, which increased by 29% to X units in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 80% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, poultry-keeping machinery exports surged to $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 87%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bangladesh (X units), the Philippines (X units) and Nepal (X units) were the main destinations of poultry-keeping machinery exports from India, together accounting for 68% of total exports. Tanzania, Nigeria, Mozambique and Ghana lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +111.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for poultry-keeping machinery exported from India were Bangladesh ($X), the Philippines ($X) and Nepal ($X), together comprising 68% of total exports. Tanzania, Nigeria, Mozambique and Ghana lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Mozambique, with a CAGR of +113.6%, 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 poultry-keeping machinery export price stood at $X per unit in 2022, increasing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 an increase of 8.5%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Ghana ($X per unit), while the average price for exports to Mozambique ($X per unit) and Nigeria ($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 Nigeria (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry-Keeping Machinery Imports

Imports into India

Poultry-keeping machinery imports into India skyrocketed to X units in 2022, picking up by 16% against the year before. Over the period under review, imports showed noticeable growth. The growth pace was the most rapid in 2018 when imports increased by 121% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, poultry-keeping machinery imports soared to $X in 2022. In general, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 150%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), China (X units) and the Netherlands (X units) were the main suppliers of poultry-keeping machinery imports to India, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +55.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and the Netherlands ($X) appeared to be the largest poultry-keeping machinery suppliers to India, with a combined 68% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +55.3%, recorded 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 poultry-keeping machinery import price amounted to $X per unit, rising by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13% 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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