China: Seeder And Planter Market 2024

Seeder And Planter Market Size in China

In 2021, the Chinese seeder and planter market increased by 17% to $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Seeder And Planter Production in China

In value terms, seeder and planter production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Seeder And Planter Exports

Exports from China

In 2021, overseas shipments of seeders, planters, transplanters decreased by -46.8% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of 190%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, seeder and planter exports plummeted to $X in 2021. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 114% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from China, with a 89% share of total exports. Moreover, seeder and planter exports to Nigeria exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+77.8% per year) and Mexico (+19.5% per year).

In value terms, Nigeria ($X) remains the key foreign market for seeders, planters, transplanters exports from China, comprising 71% of total exports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria totaled +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+23.1% per year) and Democratic Republic of the Congo (+54.1% per year).

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2021, reducing by -33.2% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Indonesia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Seeder And Planter Imports

Imports into China

In 2016, overseas purchases of seeders, planters, transplanters increased by 2.8% to X units for the first time since 2013, thus ending a two-year declining trend. In general, imports, however, showed a deep slump. The growth pace was the most rapid in 2013 with an increase of 10%. As a result, imports attained the peak of X units. From 2014 to 2016, the growth of imports remained at a somewhat lower figure.

In value terms, seeder and planter imports shrank to $X in 2016. Overall, imports, however, continue to indicate a abrupt setback. The smallest decline of -6.4% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

In 2016, Japan (X units) constituted the largest supplier of seeder and planter to China, with a 46% share of total imports. Moreover, seeder and planter imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 13% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from Japan stood at -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.9% per year) and Italy (-10.8% per year).

In value terms, Japan ($X) constituted the largest supplier of seeders, planters, transplanters to China, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Japan stood at -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.9% per year) and Italy (-15.4% per year).

Import Prices by Country

In 2016, the average seeder and planter import price amounted to $X per unit, dropping by -9.2% against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 5.8% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were France ($X per unit) and Austria ($X per unit), while the price for Germany ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by France (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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