Global Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size

The global sugar-manufacturing industrial machinery market shrank to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption saw a noticeable slump. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production

In value terms, sugar-manufacturing industrial machinery production contracted modestly to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, global production growth remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports

Global sugar-manufacturing industrial machinery exports skyrocketed to X units in 2023, with an increase of X% on the previous year's figure. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar-manufacturing industrial machinery exports expanded sharply to $X in 2023. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The global exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by Brazil (X units) and the United States (X units), together generating a X% share of total exports. Thailand (X units), Italy (X units), Germany (X units), India (X units) and Poland (X units) followed a long way behind the leaders.

China 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, the United States (X%), Thailand (X%), Brazil (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. By contrast, Italy (X%) and India (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and the United States (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Poland (X p.p.), Germany (X p.p.), Italy (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar-manufacturing industrial machinery supplying countries worldwide were India ($X), Germany ($X) and Italy ($X), with a combined X% share of global exports. China, Brazil, the United States, Poland and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The global export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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 India ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced a decline in the export price figures.

Sugar-Manufacturing Industrial Machinery Imports

Imports

In 2023, purchases abroad of industrial machinery for the manufacture or preparation of sugar increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a deep setback. The growth pace was the most rapid in 2022 with an increase of X%. Global imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2023. Overall, imports, however, showed a drastic downturn. Over the period under review, global imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Tanzania (X units), distantly followed by Uganda (X units), Nigeria (X units), Thailand (X units), the United States (X units) and Turkey (X units) represented the main importers of industrial machinery for the manufacture or preparation of sugar, together achieving X% of total imports. The following importers - Paraguay (X units), Guyana (X units), Russia (X units), El Salvador (X units), Zimbabwe (X units), France (X units) and Mozambique (X units) - together made up X% of total imports.

Tanzania was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Zimbabwe (X%), Mozambique (X%), El Salvador (X%), the United States (X%) and Paraguay (X%) displayed positive paces of growth. Uganda experienced a relatively flat trend pattern. By contrast, Guyana (X%), France (X%), Nigeria (X%), Thailand (X%) and Russia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Turkey (X p.p.), Uganda (X p.p.), the United States (X p.p.), Paraguay (X p.p.), Zimbabwe (X p.p.) and El Salvador (X p.p.) significantly strengthened its position in terms of the global imports, while Russia and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sugar-manufacturing industrial machinery importing markets worldwide were Tanzania ($X), Nigeria ($X) and Turkey ($X), together accounting for X% of global imports.

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

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, import prices stood 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 El Salvador ($X per unit), while the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform