Southern Asia: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Southern Asia

The South Asian meat-preparation industrial machinery market expanded notably to $X in 2022, increasing by 6.1% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Production in Southern Asia

In value terms, meat-preparation industrial machinery production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 31%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports in Southern Asia

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were exported in Southern Asia; growing by 539% compared with 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 636%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 216%. The level of export peaked at $X in 2016; afterwards, it flattened through to 2022.

Exports by Country

In 2022, India (X units) represented the major exporter of industrial machinery for the preparation of meat or poultry in Southern Asia, committing 99% of total export.

India was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry exports, with a CAGR of +27.0% from 2012 to 2022. From 2012 to 2022, the share of India increased by +2.5 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 meat-preparation industrial machinery supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +10.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with a decrease of -74.4% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 379% 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 somewhat lower figure.

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 -13.3% per year.

Meat-Preparation Industrial Machinery Imports

Imports in Southern Asia

Meat-preparation industrial machinery imports surged to X units in 2022, increasing by 31% on the year before. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 101%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Over the period under review, imports showed notable growth. The pace of growth was the most pronounced in 2015 with an increase of 112% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India represented the key importer of industrial machinery for the preparation of meat or poultry in Southern Asia, with the volume of imports accounting for X units, which was near 69% of total imports in 2022. Sri Lanka (X units) held the second position in the ranking, followed by Pakistan (X units). All these countries together took near 25% share of total imports. Nepal (X units) held a relatively small share of total imports.

India was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry imports, with a CAGR of +16.4% from 2012 to 2022. At the same time, Nepal (+11.0%) and Pakistan (+10.5%) displayed positive paces of growth. By contrast, Sri Lanka (-9.1%) illustrated a downward trend over the same period. While the share of India (+44 p.p.) and Pakistan (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-49.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Pakistan ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 97% share of total imports. Nepal lagged somewhat behind, accounting for a further 1.8%.

In terms of the main importing countries, Nepal, with a CAGR of +16.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, growing by 17% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 102%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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