Southern Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Southern Asia

In 2022, the South Asian sugar-manufacturing industrial machinery market increased by 21% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Southern Asia

In value terms, sugar-manufacturing industrial machinery production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Southern Asia

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by -31.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 211%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports declined notably to $X in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, finishing at X units, which was near 97% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -4.3% from 2012 to 2022. Pakistan (-2.9%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest sugar-manufacturing industrial machinery supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was held by Pakistan ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at -7.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, increasing by 19% against the previous year. In general, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-3.0%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Southern Asia

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. Over the period under review, imports attained the maximum 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 rose slightly to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 104% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the largest importing country with an import of about X units, which amounted to 70% of total imports. Nepal (X units) held the second position in the ranking, followed by Pakistan (X units). All these countries together took near 26% share of total imports. Bangladesh (X units) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of -10.7% from 2012 to 2022. Pakistan (-9.4%), Nepal (-18.2%) and Bangladesh (-32.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Pakistan increased by +31 and +5.7 percentage points, respectively.

In value terms, India ($X), Pakistan ($X) and Nepal ($X) were the countries with the highest levels of imports in 2022, together comprising 97% of total imports.

Pakistan, with a CAGR of +4.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, reducing by -19.2% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar-manufacturing industrial machinery import price increased by +36.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 82%. The level of import peaked at $X per unit in 2021, and then shrank sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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