Pakistan: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Pakistan

The Pakistani sugar-manufacturing industrial machinery market amounted to $X.8B in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a deep downturn. Over the period under review, the market attained the peak level at $X.7B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Pakistan

In value terms, sugar-manufacturing industrial machinery production rose markedly to $X.1B in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. The growth pace was the most rapid in 2020 when the production volume increased by X%. Sugar-manufacturing industrial machinery production peaked at $X.3B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Pakistan

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar exported from Pakistan soared to X units, with an increase of X% against the year before. In general, exports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for sugar-manufacturing industrial machinery exports from Pakistan, with a X% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to Peru exceeded the volume sent to the second major destination, Angola (X units), threefold. The Philippines (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and the Philippines (X% per year).

In value terms, Peru ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Pakistan

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were imported into Pakistan; picking up by X% on the year before. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam (X units), Romania (X units) and Poland (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Hong Kong SAR ($X) appeared to be the largest sugar-manufacturing industrial machinery suppliers to Pakistan, together accounting for X% of total imports. Turkey, Poland, Singapore, the United States, South Korea, the United Arab Emirates, Malaysia, the UK, Romania and Vietnam lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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