ASEAN: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in ASEAN

The ASEAN sugar-manufacturing industrial machinery market declined remarkably to $X in 2023, dropping by X% against the previous year. Overall, consumption saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in ASEAN

In value terms, sugar-manufacturing industrial machinery production surged to $X in 2023 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in ASEAN

Sugar-manufacturing industrial machinery exports soared to X units in 2023, picking up by X% on 2022. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports reduced remarkably to $X in 2023. Over the period under review, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand dominates exports structure, finishing at X units, which was near X% of total exports in 2023. Indonesia (X units) held a minor share of total exports.

Thailand was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. While the share of Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar-manufacturing industrial machinery supplying countries in ASEAN were Indonesia ($X) and Thailand ($X).

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a precipitous setback. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in ASEAN

In 2023, imports of industrial machinery for the manufacture or preparation of sugar in ASEAN shrank to X units, dropping by X% against the previous year's figure. Over the period under review, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports rose sharply to $X in 2023. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Thailand was the major importer of industrial machinery for the manufacture or preparation of sugar in ASEAN, with the volume of imports reaching X units, which was near X% of total imports in 2023. It was distantly followed by the Philippines (X units), Indonesia (X units), Myanmar (X units) and Singapore (X units), together making up a X% share of total imports. Malaysia (X units) followed a long way behind the leaders.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%), Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), the Philippines (X p.p.), Myanmar (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Myanmar ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Singapore, Indonesia and Malaysia lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform