Asia-Pacific: Agricultural Appliance Market 2025

Agricultural Appliance Market Size in Asia-Pacific

The Asia-Pacific agricultural appliance market fell dramatically to $X in 2021, declining by -35% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Agricultural Appliance Production in Asia-Pacific

In value terms, agricultural appliance production shrank dramatically to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +24.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports in Asia-Pacific

In 2021, overseas shipments of agricultural appliances increased by 33% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, agricultural appliance exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the main exporting country with an export of about X units, which recorded 80% of total exports. It was distantly followed by India (X units), generating a 16% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to agricultural appliance exports from China stood at -1.5%. At the same time, India (+42.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +42.8% from 2012-2021. By contrast, Taiwan (Chinese) (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +15 percentage points.

In value terms, China ($X) remains the largest agricultural appliance supplier in Asia-Pacific, comprising 79% of total exports. The second position in the ranking was taken by India ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -7.5%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+17.9% per year) and Taiwan (Chinese) (-8.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, surging by 2.9% against the previous year. In general, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced a decline in the export price figures.

Agricultural Appliance Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of agricultural appliances increased by 9% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 21% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, agricultural appliance imports reached $X in 2021. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 15%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

India (X units) and Australia (X units) represented the main importers of agricultural appliances in 2021, reaching approx. 32% and 25% of total imports, respectively. It was distantly followed by New Zealand (X units) and Thailand (X units), together creating a 19% share of total imports. Japan (X units), Indonesia (X units), South Korea (X units), Vietnam (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural appliance importing markets in Asia-Pacific were Australia ($X), India ($X) and New Zealand ($X), with a combined 70% share of total imports.

Among the main importing countries, India, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, shrinking by -3.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 47%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform