Pakistan: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Pakistan

The Pakistani food manufacture machinery market stood at $X in 2021, increasing by 1.9% against the previous year. Overall, consumption saw prominent growth. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Food Manufacture Machinery Production in Pakistan

In value terms, food manufacture machinery production reached $X in 2021 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 70%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Food Manufacture Machinery Exports

Exports from Pakistan

In 2021, exports of machinery for the preparation or manufacture of food or drink from Pakistan soared to X units, growing by 171% against 2020 figures. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 285% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, food manufacture machinery exports shrank remarkably to $X in 2021. Over the period under review, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of 722% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mozambique (X units) was the main destination for food manufacture machinery exports from Pakistan, accounting for a 62% share of total exports. Moreover, food manufacture machinery exports to Mozambique exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+22.2% per year) and the United Arab Emirates (+6.7% per year).

In value terms, the largest markets for food manufacture machinery exported from Pakistan were Saudi Arabia ($X), Mozambique ($X) and the United Arab Emirates ($X), with a combined 78% share of total exports.

Saudi Arabia, with a CAGR of +19.2%, recorded 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 mixed trend patterns.

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, waning by -80.9% against the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2017 an increase of 1,713% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.4%), while the prices for the other major destinations experienced a decline.

Food Manufacture Machinery Imports

Imports into Pakistan

Food manufacture machinery imports into Pakistan surged to X units in 2021, picking up by 85% compared with 2020 figures. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 153% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports soared to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 79%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of food manufacture machinery imports to Pakistan, with a combined 70% share of total imports. These countries were followed by the United Arab Emirates, South Africa, Switzerland, the UK and Turkey, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +88.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Pakistan, comprising 38% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the UK, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +84.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.3% per year) and the UK (+112.4% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, declining by -18.2% against the previous year. In general, the import price showed a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 126%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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