Eastern Asia: Forestry Machinery Market 2020

Forestry Machinery Market Size in Eastern Asia

The revenue of the forestry machinery market in Eastern Asia amounted to $X in 2017, lowering by -X% against the previous year. The forestry machinery consumption continues to indicate an abrupt downturn. The pace of growth was the most pronounced in 2011, when market value increased by X% y-o-y. In that year, the forestry machinery market attained their peak level of $X. From 2012 to 2017, growth of the forestry machinery market stood at a somewhat lower level.

Forestry Machinery Production in Eastern Asia

The forestry machinery production totaled X units in 2017, declining by -X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2008, when the output figure increased by X% y-o-y. In that year, the forestry machinery production reached their peak volume of X units. From 2009 to 2017, growth of the forestry machinery production failed to regain its momentum.

Forestry Machinery Exports in Eastern Asia

In 2017, the amount of forestry machinery exported in Eastern Asia amounted to X units, picking up by X% against the previous year. The forestry machinery exports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. Over the period under review, the forestry machinery exports reached its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, forestry machinery exports totaled $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forestry machinery exports increased by +X% against 2013 indices. The level of exports peaked in 2017, and are likely to see steady growth in the near future.

Forestry Machinery Exports by Country in Eastern Asia

The countries with the highest levels of forestry machinery exports in 2017 were China (X units), together finishing at X% of total export.

China was also the fastest growing in terms of the forestry machinery exports, with a CAGR of +X% from 2007 to 2017. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest forestry machinery supplier in Eastern Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%.

Forestry Machinery Export Prices by Country in Eastern Asia

In 2017, the forestry machinery export price in Eastern Asia amounted to $X per unit, lowering by -X% against the previous year. The forestry machinery export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2011, when the export prices increased by X% y-o-y. In that year, the export prices for forestry machinery attained their peak level of $X per unit. From 2012 to 2017, growth of the export prices for forestry machinery failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for China.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (-X% per year).

Forestry Machinery Imports in Eastern Asia

In 2017, approx. X units of forestry machinery were imported in Eastern Asia; going up by X% against the previous year. The forestry machinery imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. Over the period under review, the forestry machinery imports reached its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, forestry machinery imports stood at $X in 2017. The forestry machinery imports continue to indicate a prominent increase. Over the period under review, the forestry machinery imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Forestry Machinery Imports by Country in Eastern Asia

China was the largest importer of forestry machinery in Eastern Asia, with the volume of imports reaching X units, which was near X% of total imports in 2017. South Korea (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%).

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forestry machinery markets worldwide were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

China (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Forestry Machinery Import Prices by Country in Eastern Asia

In 2017, the forestry machinery import price in Eastern Asia amounted to $X per unit, falling by -X% against the previous year. The forestry machinery import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the import prices for forestry machinery attained its maximum level of $X thousand per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform