Southern Asia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Southern Asia

The South Asian sugar-manufacturing industrial machinery market shrank modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the market value increased by X%. The level of consumption peaked at $X.1B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Southern Asia

In value terms, sugar-manufacturing industrial machinery production declined slightly to $X.8B in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X.7B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Sugar-Manufacturing Industrial Machinery Exports

Exports in Southern Asia

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, sugar-manufacturing industrial machinery exports contracted remarkably to $X in 2022. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X units), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sugar-manufacturing industrial machinery exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

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

In India, sugar-manufacturing industrial machinery exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Southern Asia

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, sugar-manufacturing industrial machinery imports shrank to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Bangladesh (X units) represented the major importer of industrial machinery for the manufacture or preparation of sugar, creating X% of total imports. India (X units) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). Nepal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sugar-manufacturing industrial machinery imports into Bangladesh stood at X%. At the same time, Nepal (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.), Pakistan (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Pakistan, with an X% share.

In Bangladesh, sugar-manufacturing industrial machinery imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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