ASEAN: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in ASEAN

The ASEAN straw for fodder balers market declined to $X in 2021, which is down by -5.1% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in ASEAN

In value terms, straw for fodder balers production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in ASEAN

In 2021, after two years of growth, there was significant decline in overseas shipments of straw or fodder balers, including pickup balers, when their volume decreased by -34.7% to X units. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 111% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, straw for fodder balers exports dropped notably to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 102%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

In 2021, Indonesia (X units) was the key exporter of straw or fodder balers, including pickup balers, committing 60% of total exports. Vietnam (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (14%) and Thailand (10%).

From 2012 to 2021, average annual rates of growth with regard to straw for fodder balers exports from Indonesia stood at +6.7%. At the same time, Vietnam (+27.7%) and Singapore (+26.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +27.7% from 2012-2021. By contrast, Thailand (-5.2%) illustrated a downward trend over the same period. Vietnam (+12 p.p.) and Singapore (+11 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -2.2% and -20.9% from 2012 to 2021, respectively.

In value terms, Indonesia ($X) remains the largest straw for fodder balers supplier in ASEAN, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia amounted to +10.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-0.8% per year) and Vietnam (+50.3% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, growing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2019 when the export price increased by 21% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+17.2%), while the other leaders experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in ASEAN

In 2021, imports of straw or fodder balers, including pickup balers in ASEAN skyrocketed to X units, growing by 79% compared with 2020 figures. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 213% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, straw for fodder balers imports surged to $X in 2021. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 when imports increased by 127% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Thailand prevails in imports structure, finishing at X units, which was near 91% of total imports in 2021. It was distantly followed by Vietnam (X units), constituting a 5.8% share of total imports. Cambodia (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of +83.9% from 2012 to 2021. At the same time, Vietnam (+48.5%) and Cambodia (+35.1%) displayed positive paces of growth. While the share of Thailand (+88 p.p.) and Vietnam (+5.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in ASEAN, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +65.8%. In the other countries, the average annual rates were as follows: Vietnam (+104.1% per year) and Cambodia (+31.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, reducing by -11.2% against the previous year. Over the period under review, the import price, however, recorded a slight increase. The pace of growth was the most pronounced in 2013 when the import price increased by 143%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform