Southern Asia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Southern Asia

The South Asian food manufacture machinery market stood at $X in 2021, approximately equating the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 decreased by -1.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Food Manufacture Machinery Production in Southern Asia

In value terms, food manufacture machinery production rose to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 decreased by -1.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Food Manufacture Machinery Exports

Exports in Southern Asia

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery exports surged to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 27%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X units), together amounting to 99% of total export.

India was also the fastest-growing in terms of the machinery for the preparation or manufacture of food or drink exports, with a CAGR of +14.2% 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 food manufacture machinery supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +2.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, declining by -34.7% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 67% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 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 -10.4% per year.

Food Manufacture Machinery Imports

Imports in Southern Asia

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were imported in Southern Asia; growing by 11% against the previous year. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 300%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sri Lanka (X units) and India (X units) were the key importers of machinery for the preparation or manufacture of food or drink in Southern Asia, together committing 66% of total imports. Bangladesh (X units) ranks next in terms of the total imports with a 17% share, followed by Nepal (11%). The following importers - Pakistan (X units) and Afghanistan (X units) - together made up 5.2% of total imports.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported machinery for the preparation or manufacture of food or drink in Southern Asia, comprising 57% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+2.8% per year) and Sri Lanka (+9.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, growing by 11% against the previous year. Overall, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 95%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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