Asia-Pacific: Seeder And Planter Market 2024

Seeder And Planter Market Size in Asia-Pacific

The Asia-Pacific seeder and planter market rose markedly to $X in 2021, picking up by 9.6% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Seeder And Planter Production in Asia-Pacific

In value terms, seeder and planter production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 7.9%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Seeder And Planter Exports

Exports in Asia-Pacific

In 2021, overseas shipments of seeders, planters, transplanters decreased by -41.4% to X units, falling for the second year in a row after two years of growth. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 114%. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, seeder and planter exports reduced markedly to $X in 2021. Over the period under review, exports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 98% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, recording X units, which was approx. 82% of total exports in 2021. Indonesia (X units) took an 8.9% share (based on physical terms) of total exports, which put it in second place, followed by India (5%).

From 2012 to 2021, average annual rates of growth with regard to seeder and planter exports from China stood at +2.9%. At the same time, Indonesia (+31.2%) and India (+9.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.2% from 2012-2021. From 2012 to 2021, the share of China, Indonesia and India increased by +54, +8.5 and +4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seeder and planter supplier in Asia-Pacific, comprising 70% of total exports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -12.8%. In the other countries, the average annual rates were as follows: Indonesia (+28.4% per year) and India (+0.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, falling by -21.6% against the previous year. In general, the export price saw a significant curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by 4.7%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-2.2%), while the other leaders experienced a decline in the export price figures.

Seeder And Planter Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of seeders, planters, transplanters increased by 1.4% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, seeder and planter imports totaled $X in 2021. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Korea was the largest importing country with an import of around X units, which reached 89% of total imports. It was distantly followed by Taiwan (Chinese) (X units), mixing up an 11% share of total imports.

South Korea was also the fastest-growing in terms of the seeders, planters, transplanters imports, with a CAGR of +8.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+6.7%) displayed positive paces of growth. South Korea (+76 p.p.) and Taiwan (Chinese) (+9.4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported seeders, planters, transplanters in Asia-Pacific, comprising 83% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in South Korea stood at +2.9%.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 when the import price increased by 32% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while South Korea totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.5%).

Source: IndexBox Platform

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