South-Eastern Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in South-Eastern Asia

In 2022, the Southeast Asian sugar-manufacturing industrial machinery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, faced a deep setback. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in South-Eastern Asia

In value terms, sugar-manufacturing industrial machinery production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by 5.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in South-Eastern Asia

Sugar-manufacturing industrial machinery exports contracted remarkably to X units in 2022, declining by -87.7% compared with 2021 figures. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 802% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports declined dramatically to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 813% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X units) was the major exporter of industrial machinery for the manufacture or preparation of sugar, comprising 74% of total exports. Thailand (X units) held the second position in the ranking, followed by Vietnam (X units). All these countries together held approx. 22% share of total exports. Singapore (X units) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of +67.6% from 2012 to 2022. At the same time, Vietnam (+16.8%) displayed positive paces of growth. By contrast, Singapore (-27.2%) and Thailand (-29.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Vietnam increased by +74 and +7.7 percentage points, respectively.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together comprising 99% of total exports.

Malaysia, with a CAGR of +59.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 399% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.8%), while the other leaders experienced mixed trends in the export price figures.

Sugar-Manufacturing Industrial Machinery Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar were finally on the rise to reach X units after three years of decline. Overall, imports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2015 when imports increased by 332% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. In general, imports, however, showed a sharp downturn. The growth pace was the most rapid in 2015 with an increase of 189% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Myanmar was the largest importer of industrial machinery for the manufacture or preparation of sugar in South-Eastern Asia, with the volume of imports reaching X units, which was approx. 58% of total imports in 2022. The Philippines (X units) ranks second in terms of the total imports with a 20% share, followed by Indonesia (5.8%) and Vietnam (5%). The following importers - Singapore (X units), Thailand (X units) and Malaysia (X units) - together made up 9% of total imports.

Myanmar was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar imports, with a CAGR of +23.4% from 2012 to 2022. At the same time, Singapore (+4.4%) and the Philippines (+1.2%) displayed positive paces of growth. By contrast, Malaysia (-20.6%), Vietnam (-23.8%), Indonesia (-36.7%) and Thailand (-41.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, the Philippines and Singapore increased by +58, +19 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in South-Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 8.3% share of total imports. It was followed by Vietnam, with a 4.2% share.

In Myanmar, sugar-manufacturing industrial machinery imports expanded at an average annual rate of +30.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (-2.3% per year) and Vietnam (-29.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by 2.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 77%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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