Asia: Agricultural Self-Loading Trailer Market 2024

Agricultural Self-Loading Trailer Market Size in Asia

The Asian agricultural self-loading trailer market fell slightly to $X in 2021, waning by -1.6% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Agricultural Self-Loading Trailer Production in Asia

In value terms, agricultural self-loading trailer production totaled $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 2018 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Agricultural Self-Loading Trailer Exports

Exports in Asia

In 2021, the amount of self-loading or self-unloading trailers for agricultural purposes exported in Asia soared to X units, picking up by 51% compared with 2020 figures. Overall, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural self-loading trailer exports surged to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and China (X units) prevails in exports structure, together creating 87% of total exports. It was distantly followed by India (X units), generating a 4.9% share of total exports. Israel (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +46.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest agricultural self-loading trailer supplier in Asia, comprising 51% of total exports. The second position in the ranking was taken by China ($X), with a 25% share of total exports. It was followed by India, with a 10% share.

In Turkey, agricultural self-loading trailer exports expanded at an average annual rate of +30.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-7.8% per year) and India (-3.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with an increase of 9% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by 11% 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.6%), while the other leaders experienced more modest paces of growth.

Agricultural Self-Loading Trailer Imports

Imports in Asia

For the fourth year in a row, Asia recorded decline in supplies from abroad of self-loading or self-unloading trailers for agricultural purposes, which decreased by -1.1% to X units in 2021. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 26%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, agricultural self-loading trailer imports skyrocketed to $X in 2021. Overall, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 36% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kazakhstan (X units), distantly followed by Thailand (X units), Japan (X units), Turkmenistan (X units) and Uzbekistan (X units) were the main importers of self-loading or self-unloading trailers for agricultural purposes, together creating 70% of total imports. Azerbaijan (X units), the Philippines (X units), Georgia (X units), India (X units), Tajikistan (X units) and China (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +42.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported self-loading or self-unloading trailers for agricultural purposes in Asia, comprising 32% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Turkmenistan, with an 11% share.

In Kazakhstan, agricultural self-loading trailer imports contracted by an average annual rate of -6.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+28.3% per year) and Turkmenistan (+12.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, picking up by 22% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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