Pakistan: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Pakistan

In 2022, the Pakistani sugar-manufacturing industrial machinery market increased by 9.2% to $X, rising for the second consecutive year after six years of decline. In general, consumption, however, showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Pakistan

In value terms, sugar-manufacturing industrial machinery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, faced a sharp shrinkage. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Pakistan

Sugar-manufacturing industrial machinery exports from Pakistan surged to X units in 2022, growing by 46% against 2021. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 2,976% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports soared to $X in 2022. In general, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 2,549%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for sugar-manufacturing industrial machinery exports from Pakistan, with a 98% share of total exports. It was followed by Oman (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa stood at +67.0%.

In value terms, South Africa ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Pakistan, comprising 100% of total exports. The second position in the ranking was held by Oman ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa amounted to +60.0%.

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, picking up by 21% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 70% 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 remained at a somewhat 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 South Africa ($X per unit), while the average price for exports to Oman amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Pakistan

In 2022, sugar-manufacturing industrial machinery imports into Pakistan skyrocketed to X units, with an increase of 42% on 2021. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 324%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports totaled $X in 2022. Over the period under review, imports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2020 when imports increased by 528%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), Malaysia (X units) and the UK (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Pakistan, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +75.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Pakistan were Italy ($X), Malaysia ($X) and the UK ($X), with a combined 93% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +108.9%, 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 sugar-manufacturing industrial machinery import price amounted to $X per unit, waning by -27.2% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 232% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and the UK ($X per unit), while the price for China ($X per unit) and Italy ($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 (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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