Eastern Asia: Agricultural Forestry Machinery Market 2025

Agricultural Forestry Machinery Market Size in Eastern Asia

The East Asian agricultural forestry machinery market declined slightly to $X in 2022, remaining stable against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Forestry Machinery Production in Eastern Asia

In value terms, agricultural forestry machinery production rose to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 23%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Agricultural Forestry Machinery Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in overseas shipments of agricultural forestry machinery (lawn or sportsground rollers), which increased by 22% to X units in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 52%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, agricultural forestry machinery exports shrank to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China represented the major exporter of agricultural forestry machinery (lawn or sportsground rollers) in Eastern Asia, with the volume of exports finishing at X units, which was near 84% of total exports in 2022. It was distantly followed by Japan (X units), committing a 12% share of total exports. South Korea (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) exports, with a CAGR of +23.8% from 2012 to 2022. At the same time, Japan (+1.1%) displayed positive paces of growth. By contrast, South Korea (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +48 percentage points.

In value terms, China ($X) remains the largest agricultural forestry machinery supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with a 23% share of total exports.

In China, agricultural forestry machinery exports expanded at an average annual rate of +8.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+1.6% per year) and South Korea (-8.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, falling by -25.3% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 5%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the other leaders experienced a decline in the export price figures.

Agricultural Forestry Machinery Imports

Imports in Eastern Asia

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) imported in Eastern Asia shrank to X units, which is down by -5.3% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 72%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, agricultural forestry machinery imports fell slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the main importer of agricultural forestry machinery (lawn or sportsground rollers) in Eastern Asia, with the volume of imports finishing at X units, which was near 63% of total imports in 2022. South Korea (X units) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X units) and China (X units). All these countries together took approx. 34% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to agricultural forestry machinery imports into Japan stood at +8.5%. At the same time, Hong Kong SAR (+12.4%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +12.4% from 2012-2022. By contrast, South Korea (-1.4%), Taiwan (Chinese) (-1.8%) and China (-16.3%) illustrated a downward trend over the same period. While the share of Japan (+36 p.p.) and Hong Kong SAR (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-2.8 p.p.) and China (-32.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural forestry machinery importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), together accounting for 91% of total imports. These countries were followed by Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 8.8%.

Hong Kong SAR, with a CAGR of +15.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by 3.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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