Asia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Asia

The Asian agricultural harvester market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Agricultural Harvester Production in Asia

In value terms, agricultural harvester production totaled $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports in Asia

In 2022, agricultural harvester exports in Asia stood at X units, increasing by X% on the year before. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural harvester exports contracted to $X in 2022. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China was the major exporter of agricultural harvesters in Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Turkey (X units) held the second position in the ranking, distantly followed by Thailand (X units) and India (X units). All these countries together held approx. X% share of total exports. Japan (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural harvester exports from China stood at X%. At the same time, Thailand (X%), India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Thailand, India and China increased by X, X and X percentage points, respectively.

In value terms, the largest agricultural harvester supplying countries in Asia were China ($X), Thailand ($X) and Japan ($X), together comprising X% of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

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

Agricultural Harvester Imports

Imports in Asia

Agricultural harvester imports fell significantly to X units in 2022, with a decrease of X% against the previous year. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Kazakhstan (X units) and India (X units) represented roughly X% of total imports in 2022. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%). Thailand (X units), Iraq (X units), Turkey (X units), Cambodia (X units), Pakistan (X units), Turkmenistan (X units), Indonesia (X units), South Korea (X units) and Nepal (X units) took a minor share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported agricultural harvesters in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In China, agricultural harvester imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a slight contraction. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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