Southern Asia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Southern Asia

In 2022, after seven years of growth, there was decline in the South Asian machinery for packing market, when its value decreased by -0.5% to $X. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.7% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined modestly in the following year.

Machinery For Packing Production in Southern Asia

In value terms, machinery for packing production rose modestly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 32%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Machinery For Packing Exports

Exports in Southern Asia

In 2022, exports of machinery for packing or wrapping in Southern Asia expanded slightly to X units, surging by 3.2% compared with 2021 figures. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, machinery for packing exports rose to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +83.4% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India dominates exports structure, finishing at X units, which was near 97% of total exports in 2022. Pakistan (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from India stood at +3.7%. At the same time, Pakistan (+9.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +9.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest machinery for packing supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +5.0%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 an increase of 24%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 India (+1.2%).

Machinery For Packing Imports

Imports in Southern Asia

In 2022, approx. X units of machinery for packing or wrapping were imported in Southern Asia; reducing by -7.2% on 2021 figures. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, machinery for packing imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

India represented the largest importer of machinery for packing or wrapping in Southern Asia, with the volume of imports reaching X units, which was approx. 69% of total imports in 2022. Bangladesh (X units) held the second position in the ranking, distantly followed by Pakistan (X units). All these countries together held approx. 26% share of total imports. The following importers - Afghanistan (X units) and Sri Lanka (X units) - each resulted at a 3.4% share of total imports.

Imports into India increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Afghanistan (+20.9%), Pakistan (+5.1%) and Bangladesh (+2.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.9% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. Bangladesh (-2.3 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machinery for packing importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together accounting for 95% of total imports. Sri Lanka and Afghanistan lagged somewhat behind, together comprising a further 3.3%.

In terms of the main importing countries, Afghanistan, with a CAGR of +24.0%, recorded 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, declining by -16.2% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Bangladesh ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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