Southern Asia: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Southern Asia

The South Asian fruit-preparation industrial machinery market amounted to $X in 2021, stabilizing at the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.6% against 2012 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fruit-Preparation Industrial Machinery Production in Southern Asia

In value terms, fruit-preparation industrial machinery production shrank slightly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.6% against 2013 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced slightly in the following year.

Fruit-Preparation Industrial Machinery Exports

Exports in Southern Asia

For the sixth year in a row, Southern Asia recorded growth in shipments abroad of industrial machinery for the preparation of fruits, nuts or vegetables, which increased by 5.1% to X units in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 290% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, fruit-preparation industrial machinery exports soared to $X in 2021. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 67%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

India (X units) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables exports, with a CAGR of +26.1% from 2012 to 2021. India (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fruit-preparation industrial machinery supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +13.4%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, rising by 23% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, 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 2021, the rate of growth in terms of prices for India amounted to -10.1% per year.

Fruit-Preparation Industrial Machinery Imports

Imports in Southern Asia

After two years of decline, purchases abroad of industrial machinery for the preparation of fruits, nuts or vegetables increased by 17% to X units in 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports surged to $X in 2021. In general, imports posted a resilient increase. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India was the major importing country with an import of about X units, which accounted for 52% of total imports. Sri Lanka (X units) held the second position in the ranking, followed by Pakistan (X units) and Nepal (X units). All these countries together took approx. 46% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fruit-preparation industrial machinery imports into India stood at +12.7%. At the same time, Pakistan (+42.1%), Nepal (+20.1%) and Sri Lanka (+5.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +42.1% from 2012-2021. From 2012 to 2021, the share of Pakistan and Nepal increased by +12 and +5.7 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables in Southern Asia, comprising 73% of total imports. The second position in the ranking was held by Pakistan ($X), with a 21% share of total imports. It was followed by Sri Lanka, with a 3.7% share.

In India, fruit-preparation industrial machinery imports expanded at an average annual rate of +9.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+35.6% per year) and Sri Lanka (+12.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, with an increase of 44% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 45% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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