Southern Asia: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Southern Asia

In 2021, the South Asian feedstuff preparing machinery market increased by 3.6% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Feedstuff Preparing Machinery Production in Southern Asia

In value terms, feedstuff preparing machinery production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of machinery for preparing animal feedstuffs, when their volume increased by 100% to X units. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 118% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, feedstuff preparing machinery exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 142% against the previous year. The level of export peaked in 2021 and is likely to continue 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 preparing animal feedstuffs exports, with a CAGR of +21.3% 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 feedstuff preparing machinery supplier in Southern Asia.

In India, feedstuff preparing machinery exports expanded at an average annual rate of +21.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, picking up by 3.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood 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 2021, the rate of growth in terms of prices for India amounted to -0.0% per year.

Feedstuff Preparing Machinery Imports

Imports in Southern Asia

In 2021, overseas purchases of machinery for preparing animal feedstuffs were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, feedstuff preparing machinery imports soared to $X in 2021. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bangladesh was the largest importing country with an import of about X units, which resulted at 53% of total imports. India (X units) took the second position in the ranking, distantly followed by Nepal (X units) and Pakistan (X units). All these countries together took approx. 42% share of total imports. Sri Lanka (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to feedstuff preparing machinery imports into Bangladesh stood at +13.6%. At the same time, Nepal (+17.0%) and Sri Lanka (+5.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.0% from 2012-2021. Pakistan experienced a relatively flat trend pattern. By contrast, India (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bangladesh and Nepal increased by +23 and +8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Nepal, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Bangladesh stood at +16.0%. In the other countries, the average annual rates were as follows: India (-1.8% per year) and Nepal (+16.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, rising by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bangladesh ($X per unit) and Pakistan ($X per unit), while Sri Lanka ($X per unit) and Nepal ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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