Southern Asia: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Southern Asia

The South Asian gravimetric filling machine market skyrocketed to $X in 2022, growing by 19% against the previous year. In general, consumption recorded resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Gravimetric Filling Machine Production in Southern Asia

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 146%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports in Southern Asia

In 2022, exports of automatic gravimetric filling machines in Southern Asia rose significantly to X units, surging by 13% on the previous year's figure. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, gravimetric filling machine exports amounted to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 79%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, India (X units) represented the main exporter of automatic gravimetric filling machines in Southern Asia, achieving 100% of total export.

India was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +6.9% from 2012 to 2022. From 2012 to 2022, the share of India increased by +11 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest gravimetric filling machine supplier in Southern Asia.

In India, gravimetric filling machine exports expanded at an average annual rate of +5.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by 41%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.7% per year.

Gravimetric Filling Machine Imports

Imports in Southern Asia

In 2022, the amount of automatic gravimetric filling machines imported in Southern Asia reduced slightly to X units, approximately reflecting 2021. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 120% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gravimetric filling machine imports fell rapidly to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 145%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X units) represented the key importer of automatic gravimetric filling machines, creating 45% of total imports. India (X units) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (12%) and Nepal (7.9%). Sri Lanka (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sri Lanka (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported automatic gravimetric filling machines in Southern Asia, comprising 70% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 19% share of total imports. It was followed by Bangladesh, with a 9% share.

In India, gravimetric filling machine imports expanded at an average annual rate of +4.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+19.0% per year) and Bangladesh (+0.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, which is down by -32.3% against the previous year. Overall, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 115%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+19.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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