Asia: Seeder And Planter Market 2024

Seeder And Planter Market Size in Asia

The Asian seeder and planter market rose notably to $X in 2021, picking up by 9.5% against 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 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

In value terms, seeder and planter production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Seeder And Planter Exports

Exports in Asia

In 2021, overseas shipments of seeders, planters, transplanters decreased by -42% to X units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 114% against the previous year. 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, seeder and planter exports fell sharply to $X in 2021. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 97%. 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, resulting at X units, which was approx. 82% of total exports in 2021. Indonesia (X units) ranks second in terms of the total exports with an 8.9% share, followed by India (5%).

Exports from China increased at an average annual rate of +2.9% from 2012 to 2021. 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, with a CAGR of +31.2% from 2012-2021. From 2012 to 2021, the share of China, Indonesia and India increased by +61, +8.6 and +4.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In 2021, the export price in Asia amounted to $X per unit, declining by -21.9% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The level of export peaked 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

For the fifth year in a row, Asia recorded decline in purchases abroad of seeders, planters, transplanters, which decreased by -1.5% to X units in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 20%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, seeder and planter imports reduced slightly to $X in 2021. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 9% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X units) and Kazakhstan (X units) dominates imports structure, together comprising 93% of total imports. It was distantly followed by Taiwan (Chinese) (X units), generating a 6.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +8.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X) constitutes the largest market for imported seeders, planters, transplanters in Asia, comprising 63% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea amounted to +2.9%. In the other countries, the average annual rates were as follows: Kazakhstan (-9.4% per year) and Taiwan (Chinese) (+6.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, saw a slight decrease. The growth pace was the most rapid in 2014 when the import price increased by 6.4%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Taiwan (Chinese) ($X per unit), while Kazakhstan ($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) (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :