Asia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Asia

The Asian market for parts of harvester and threshers amounted to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in Asia

In value terms, parts of harvester and threshers production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 23%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in Asia

Parts of harvester and threshers exports skyrocketed to X units in 2021, jumping by 39% compared with the year before. In general, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Over the period under review, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near 80% of total exports in 2021. It was distantly followed by Turkey (X units), constituting a 7.6% share of total exports. India (X units), Japan (X units), Taiwan (Chinese) (X units) and Singapore (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +12.2% from 2012 to 2021. At the same time, Singapore (+28.3%), India (+18.0%) and Turkey (+8.8%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.3% from 2012-2021. By contrast, Taiwan (Chinese) (-1.1%) and Japan (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +10 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest parts of harvester and threshers supplier in Asia, comprising 72% of total exports. The second position in the ranking was held by Japan ($X), with a 5.5% share of total exports. It was followed by Turkey, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +13.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.2% per year) and Turkey (+9.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, picking up by 1.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained 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 Japan ($X per unit), while Turkey ($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 more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports in Asia

In 2021, the amount of parts of harvester and threshers imported in Asia surged to X units, rising by 16% compared with 2020 figures. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 25%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 17%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X units), Japan (X units), China (X units) and India (X units) represented roughly 46% of total imports in 2021. Turkey (X units) ranks next in terms of the total imports with a 5.9% share, followed by Indonesia (5.7%), Kazakhstan (5.7%), Hong Kong SAR (5.4%) and Myanmar (4.7%). The following importers - Sri Lanka (X units), South Korea (X units), Iraq (X units) and Kyrgyzstan (X units) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +42.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 42% of total imports. India, Thailand, South Korea, Kazakhstan, Hong Kong SAR, Indonesia, Myanmar, Iraq, Sri Lanka and Kyrgyzstan lagged somewhat behind, together accounting for a further 38%.

Among the main importing countries, Kyrgyzstan, with a CAGR of +38.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, falling by -2.9% against the previous year. Overall, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 0.6%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform