Southern Asia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Southern Asia

The South Asian filling containers machinery market rose notably to $X in 2021, increasing by 11% against the previous year. Overall, consumption posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Production in Southern Asia

In value terms, filling containers machinery production expanded markedly to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 38%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Filling Containers Machinery Exports

Exports in Southern Asia

In 2021, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 48% to X units for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports rose notably to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 35%. 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 99% of total exports in 2021.

India was also the fastest-growing in terms of the machinery for filling, closing, sealing, capsuling or labelling containers exports, with a CAGR of +2.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in India stood at +3.2%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, which is down by -22.4% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the export price increased by 26%. As a result, the export price reached the peak level of $X per unit, and then declined notably in the following year.

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 +0.3% per year.

Filling Containers Machinery Imports

Imports in Southern Asia

In 2021, imports of machinery for filling, closing, sealing, capsuling or labelling containers in Southern Asia surged to X units, rising by 23% compared with the previous year's figure. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) represented the main importer of machinery for filling, closing, sealing, capsuling or labelling containers, comprising 65% of total imports. Bangladesh (X units) ranks second in terms of the total imports with a 25% share, followed by Sri Lanka (6.4%).

Imports into India increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, Bangladesh (+27.2%) and Sri Lanka (+2.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +27.2% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest filling containers machinery importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together accounting for 86% of total imports.

Bangladesh, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, declining by -6.4% against the previous year. Overall, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2013 when the import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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