In 2023, China led the global export market for machinery used in sugar refining with significant year-on-year growth of 5.72%. Germany and Italy followed, displaying modest growth rates of 1.38% and 3.78%, respectively. Notably, Lithuania showed substantial growth of 25.01%, while countries like France and Brazil experienced declines. The United Arab Emirates exhibited the highest growth rate at 147.2%, suggesting an emerging market role. Many traditional exporters faced challenges, with notable declines in countries such as Ukraine, Hungary, and Canada, indicating possible shifts in the market dynamics.
Future trends to watch include continued growth in emerging markets and technological advancements in sugar refining equipment. Additionally, geopolitical factors and economic conditions will likely influence these export patterns, potentially leading to a reconfiguration in the global hierarchy of sugar machinery exporters.
Top countries in Export of Machinery for Sugar Refining and Manufacture by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 77,065,000 | 2023 | +3.15% | +5.72% | View data |
| 2 | 2 Germany | 50,982,000 | 2023 | +3.2% | +1.38% | View data |
| 3 | 3 Italy | 23,665,000 | 2023 | +1.27% | +3.78% | View data |
| 4 | 4 France | 21,638,000 | 2023 | -1.48% | -3.06% | View data |
| 5 | 5 Australia | 19,128,000 | 2023 | +5.9% | +1.2% | View data |
| 6 | 6 India | 17,700,000 | 2023 | -2.19% | +0.13% | View data |
| 7 | 7 Spain | 7,405,900 | 2023 | +2.67% | +3.38% | View data |
| 8 | 8 Lithuania | 7,157,800 | 2023 | +5.06% | +25.01% | View data |
| 9 | 9 Thailand | 6,987,900 | 2023 | -1.37% | -5.93% | View data |
| 10 | 10 Netherlands | 6,517,700 | 2023 | +2.4% | +0.62% | View data |
