Pakistan: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Pakistan

The Pakistani food manufacture machinery market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Exports

Exports from Pakistan

In 2022, overseas shipments of machinery for the preparation or manufacture of food or drink increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, food manufacture machinery exports surged to $X in 2022. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The UK (X units) was the main destination for food manufacture machinery exports from Pakistan, with a X% share of total exports. Moreover, food manufacture machinery exports to the UK exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average food manufacture machinery export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Food Manufacture Machinery Imports

Imports into Pakistan

In 2022, supplies from abroad of machinery for the preparation or manufacture of food or drink increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a significant expansion. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X units), China (X units) and the United States (X units) were the main suppliers of food manufacture machinery imports to Pakistan, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Pakistan, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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