China: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in China

In 2021, the Chinese harvesting machinery market decreased by -1.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Harvesting machinery consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Harvesting Machinery Production in China

In value terms, harvesting machinery production declined modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Harvesting Machinery Exports

Exports from China

Harvesting machinery exports from China amounted to X units in 2021, remaining relatively unchanged against the year before. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 183% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, harvesting machinery exports contracted to $X in 2021. Over the period under review, exports saw moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Yemen (X units), Russia (X units) and the United States (X units) were the main destinations of harvesting machinery exports from China, with a combined 34% share of total exports. These countries were followed by Sudan, Ghana, Oman, Australia, Kazakhstan, Egypt, Chile, Malawi, India and Guyana, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Sudan (with a CAGR of +200.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and Kazakhstan ($X) were the largest markets for harvesting machinery exported from China worldwide, with a combined 34% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +48.6%, 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

The average harvesting machinery export price stood at $X per unit in 2021, with a decrease of -15.6% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (-0.3%), while the prices for the other major destinations experienced a decline.

Harvesting Machinery Imports

Imports into China

In 2021, purchases abroad of root or tuber harvesting machines decreased by -16.9% to X units, falling for the fourth year in a row after three years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 55%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, harvesting machinery imports contracted remarkably to $X in 2021. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Japan (X units) were the main suppliers of harvesting machinery imports to China, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +1.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to China, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.4% per year) and Belgium (-2.4% per year).

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2021, which is down by -4.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 36%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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