Asia-Pacific: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Asia-Pacific

In 2021, after two years of decline, there was significant growth in the Asia-Pacific market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables, when its value increased by 14% to $X. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Asia-Pacific

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables expanded rapidly to $X in 2021 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 47% against the previous year. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports in Asia-Pacific

In 2021, overseas shipments of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -5.6% to X units, falling for the second year in a row after eight years of growth. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 19% against the previous year. Over the period under review, the exports of hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables expanded remarkably to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.5% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by 15% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

China dominates vegetables structure, amounting to X units, which was approx. 82% of total exports in 2021. India (X units) ranks second in terms of the total exports with a 6.5% share, followed by Thailand (4.9%). The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - together made up 4.9% of total exports.

Exports from China increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Thailand (+20.7%), Taiwan (Chinese) (+11.8%) and India (+2.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +20.7% from 2012-2021. By contrast, South Korea (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Thailand increased by +18 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seed cleaning, sorting and grading machine supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by India ($X), with a 7.1% share of total exports. It was followed by Thailand, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.7%. In the other countries, the average annual rates were as follows: India (+5.4% per year) and Thailand (+22.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, increasing by 15% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 19% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports in Asia-Pacific

In 2021, purchases abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables increased by 4.1% to X units, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +1.7% 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 2018 when imports increased by 19% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables totaled $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X units), distantly followed by Bangladesh (X units), Indonesia (X units) and Vietnam (X units) represented the main importers of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables, together generating 68% of total imports. The following importers - Myanmar (X units), the Philippines (X units), Nepal (X units), Pakistan (X units), Sri Lanka (X units), Democratic People's Republic of Korea (X units), Cambodia (X units), Australia (X units) and Thailand (X units) - together made up 25% of total imports.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.5% share of total imports. It was followed by Bangladesh, with a 7.6% share.

In India, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables expanded at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+12.7% per year) and Bangladesh (-8.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, which is down by -2.8% against the previous year. Over the period under review, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 9.2% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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