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 skyrocketed to $X in 2023, growing by X% against the previous year. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Southern Asia

In value terms, sugar-manufacturing industrial machinery production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Southern Asia

In 2023, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports declined to $X in 2023. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, reaching X units, which was approx. X% of total exports in 2023. Pakistan (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sugar-manufacturing industrial machinery exports from India stood at X%. Pakistan (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2023, 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 2023, purchases abroad of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports fell to $X in 2023. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Pakistan (X units) and India (X units) prevails in imports structure, together generating X% of total imports. Nepal (X units) ranks next in terms of the total imports with a X% share, followed by Bangladesh (X%). The following importers - Maldives (X units), Sri Lanka (X units) and Afghanistan (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar-manufacturing industrial machinery importing markets in Southern Asia were India ($X), Pakistan ($X) and Nepal ($X), with a combined X% share of total imports. Sri Lanka, Bangladesh, Afghanistan and Maldives lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Southern Asia stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($X per unit), while Maldives ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform