China: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in China

The Chinese market for parts of harvester and threshers dropped sharply to $X in 2021, falling by -17.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in China

In value terms, parts of harvester and threshers production contracted to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.2% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from China

In 2021, shipments abroad of parts of harvester and threshers increased by 36% to X units, rising for the fifth year in a row after two years of decline. In general, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for parts of harvester and threshers exports from China, with a 42% share of total exports. Moreover, parts of harvester and threshers exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), fivefold. Thailand (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+24.8% per year) and Thailand (+15.1% per year).

In value terms, the United States ($X) remains the key foreign market for parts of harvester and threshers exports from China, comprising 44% of total exports. The second position in the ranking was held by Vietnam ($X), with a 6.8% share of total exports. It was followed by Thailand, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+27.9% per year) and Thailand (+7.8% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, rising by 7.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.3% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Myanmar ($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 Mexico (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into China

In 2021, approx. X units of parts of harvester and threshers were imported into China; surging by 8.8% against 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 30% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports rose remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 39% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Brazil (X units) were the main suppliers of parts of harvester and threshers imports to China, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to China were the United States ($X), Germany ($X) and Japan ($X), together comprising 74% of total imports. These countries were followed by Italy, Brazil, Israel, Taiwan (Chinese), Poland and Canada, which together accounted for a further 17%.

Brazil, with a CAGR of +47.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, with an increase of 3.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Brazil ($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) (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform