Sugar-Manufacturing Industrial Machinery Market

The global market for sugar-manufacturing industrial machinery is projected to see growth in both volume and value from 2022 to 2030. With an anticipated CAGR of +1.7% in volume and +3.7% in value, the market is expected to reach 16K units and $1.3B respectively by 2030. China leads in consumption and production of industrial machinery for sugar manufacturing, while Tanzania shows the highest growth in imports. Insights on import and export prices and trends are also provided.

Market Forecast

Driven by rising demand for sugar-manufacturing industrial machinery worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 16K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Industrial Machinery For The Manufacture Or Preparation Of Sugar

In 2022, consumption of industrial machinery for the manufacture or preparation of sugar increased by 7.8% to 14K units, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a perceptible downturn. Over the period under review, global consumption attained the peak volume at 20K units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global sugar-manufacturing industrial machinery market size expanded sharply to $960M in 2022, with an increase of 6.1% 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). Over the period under review, consumption, however, showed a noticeable downturn. As a result, consumption reached the peak level of $1.3B. From 2016 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

China (2.6K units) remains the largest sugar-manufacturing industrial machinery consuming country worldwide, comprising approx. 19% of total volume. Moreover, sugar-manufacturing industrial machinery consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands (930 units), threefold. The third position in this ranking was taken by Cuba (919 units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at -1.2%. The remaining consuming countries recorded the following average annual rates of consumption growth: the Netherlands (+0.3% per year) and Cuba (+0.2% per year).

In value terms, the Netherlands ($351M) led the market, alone. The second position in the ranking was held by China ($133M). It was followed by South Africa.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: China (-5.4% per year) and South Africa (+5.8% per year).

The countries with the highest levels of sugar-manufacturing industrial machinery per capita consumption in 2022 were El Salvador (129 units per million persons), Cuba (81 units per million persons) and the Netherlands (53 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Tanzania (with a CAGR of +67.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Industrial Machinery For The Manufacture Or Preparation Of Sugar

In 2022, global production of industrial machinery for the manufacture or preparation of sugar declined slightly to 13K units, which is down by -2.9% on 2021. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 6.4% against the previous year. As a result, production attained the peak volume of 15K units. From 2015 to 2022, global production growth remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery production reduced slightly to $893M in 2022 estimated in export price. In general, production continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 6.7%. As a result, production reached the peak level of $1.1B. From 2015 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of sugar-manufacturing industrial machinery production was China (3.3K units), accounting for 25% of total volume. Moreover, sugar-manufacturing industrial machinery production in China exceeded the figures recorded by the second-largest producer, Brazil (983 units), threefold. The third position in this ranking was held by the Netherlands (932 units), with a 7.1% share.

In China, sugar-manufacturing industrial machinery production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+0.6% per year) and the Netherlands (+0.4% per year).

Imports

World Imports of Industrial Machinery For The Manufacture Or Preparation Of Sugar

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar increased by 22% to 4.3K units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 33% against the previous year. As a result, imports reached the peak of 9.7K units. From 2016 to 2022, the growth of global imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $195M in 2022. Overall, imports, however, recorded a abrupt shrinkage. Global imports peaked at $411M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Tanzania (655 units), distantly followed by Thailand (271 units), Bangladesh (219 units), Russia (215 units) and the United States (211 units) were the main importers of industrial machinery for the manufacture or preparation of sugar, together generating 37% of total imports. The following importers - Vietnam (190 units), Ukraine (178 units), Germany (164 units), Iran (154 units), Paraguay (127 units), Myanmar (113 units), Turkey (98 units) and Cote d'Ivoire (98 units) - together made up 26% 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 +53.5% from 2012 to 2022. At the same time, Cote d'Ivoire (+47.6%), Iran (+38.3%), Myanmar (+23.2%), Turkey (+22.4%), Paraguay (+10.0%), Vietnam (+6.8%), Bangladesh (+5.7%), the United States (+5.6%) and Germany (+3.0%) displayed positive paces of growth. By contrast, Ukraine (-1.1%), Russia (-12.5%) and Thailand (-15.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, Bangladesh, the United States, Iran, Vietnam, Germany, Myanmar, Paraguay, Cote d'Ivoire, Turkey and Ukraine increased by +15, +3.8, +3.7, +3.5, +3.4, +2.6, +2.5, +2.5, +2.3, +2.2 and +2.1 percentage points, respectively.

In value terms, Tanzania ($22M), the United States ($16M) and Bangladesh ($15M) constituted the countries with the highest levels of imports in 2022, together comprising 27% of global imports.

Tanzania, with a CAGR of +65.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $45,476 per unit, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18%. Global import price peaked at $47,860 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($77,364 per unit), while Thailand ($863 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Industrial Machinery For The Manufacture Or Preparation Of Sugar

Global sugar-manufacturing industrial machinery exports contracted notably to 3.2K units in 2022, which is down by -16.8% against the year before. Over the period under review, exports saw a mild contraction. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, the global exports reached the maximum at 5.8K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports totaled $138M in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, the global exports reached the maximum at $297M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (623 units), followed by Germany (410 units), the United States (365 units), India (329 units), Italy (214 units), Brazil (205 units), Poland (182 units) and France (173 units) represented the largest exporters of industrial machinery for the manufacture or preparation of sugar, together generating 77% of total exports. The following exporters - the United Arab Emirates (123 units), Thailand (81 units) and the Czech Republic (56 units) - together made up 8.1% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +51.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($30M), India ($23M) and China ($14M) constituted the countries with the highest levels of exports in 2022, with a combined 49% share of global exports. France, Italy, Poland, the United Arab Emirates, Brazil, the United States, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 33%.

The United Arab Emirates, with a CAGR of +40.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $42,835 per unit, with an increase of 37% against the previous year. Overall, the export price, however, recorded a noticeable descent. The global export price peaked at $78,918 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($77,995 per unit), while the United States ($7,962 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform