Asia: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Asia

The Asian straw for fodder balers market dropped to $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Asia

In value terms, straw for fodder balers production rose modestly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.4% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Asia

Straw for fodder balers exports soared to X units in 2021, picking up by 45% on the previous year's figure. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports surged to $X in 2021. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the main exporter of straw or fodder balers, including pickup balers, making up 53% of total exports. It was distantly followed by Japan (X units) and Turkey (X units), together comprising a 40% share of total exports. India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +35.8% from 2012 to 2021. At the same time, India (+75.1%), Japan (+20.7%) and Turkey (+16.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +75.1% from 2012-2021. From 2012 to 2021, the share of China, Japan and India increased by +39, +4.6 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest straw for fodder balers supplying countries in Asia were China ($X), Japan ($X) and Turkey ($X), together comprising 90% of total exports. India lagged somewhat behind, comprising a further 3.5%.

In terms of the main exporting countries, India, with a CAGR of +83.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, declining by -9.6% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 4.7%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the other leaders experienced a decline in the export price figures.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Asia

In 2021, supplies from abroad of straw or fodder balers, including pickup balers increased by 54% to X units, rising for the second year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of straw or fodder balers, including pickup balers, namely China, Thailand and Kazakhstan, represented more than half of total import. Japan (X units) took a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6.9%) and Turkey (5.4%). Azerbaijan (X units) followed a long way behind the leaders.

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 +83.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Asia, comprising 34% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+7.9% per year) and Japan (+5.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, reducing by -3.4% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.5% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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