Pakistan: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from Pakistan

In 2022, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exported from Pakistan shrank markedly to X units, falling by -71.9% compared with the year before. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 357% against the previous year. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, confectionery-making industrial machinery exports declined significantly to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 371%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Djibouti (X units), Kenya (X units) and Bangladesh (X units) were the main destinations of confectionery-making industrial machinery exports from Pakistan, together accounting for 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +11.6%), while the other leaders experienced mixed trend patterns.

In value terms, Djibouti ($X), Kenya ($X) and Bangladesh ($X) constituted the largest markets for confectionery-making industrial machinery exported from Pakistan worldwide, together accounting for 90% of total exports. South Africa lagged somewhat behind, comprising a further 10%.

South Africa, with a CAGR of +22.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, surging by 3.3% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 increased by +20.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 32%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per unit) and Bangladesh ($X per unit), while the average price for exports to Djibouti ($X per unit) and Kenya ($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 Spain (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Pakistan

In 2022, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported into Pakistan contracted significantly to X units, which is down by -30.9% against the year before. Overall, imports, however, saw a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by 160% against the previous year. As a result, imports reached the peak of X units, and then fell rapidly in the following year.

In value terms, confectionery-making industrial machinery imports reached $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of confectionery-making industrial machinery imports to Pakistan, with a combined 83% share of total imports. These countries were followed by the United States and Italy, which together accounted for a further 15%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +161.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Germany ($X) appeared to be the largest confectionery-making industrial machinery suppliers to Pakistan, together comprising 84% of total imports. These countries were followed by the United States and Italy, which together accounted for a further 15%.

The United States, with a CAGR of +92.4%, saw 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, rising by 51% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 import price increased by +74.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Germany ($X per unit), while the price for Italy ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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