Eastern Asia: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Eastern Asia

In 2021, the East Asian market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Eastern Asia

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports in Eastern Asia

In 2021, shipments abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -5.6% to X units, falling for the second year in a row after eight years of growth. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables expanded significantly to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.4% against 2012 indices. The pace of growth was the most pronounced in 2019 when exports increased by 16% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

China dominates vegetables structure, resulting at X units, which was near 94% of total exports in 2021. The following exporters - South Korea (X units) and Taiwan (Chinese) (X units) - each reached a 5.6% share of total exports.

Exports from China increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+11.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +11.8% from 2012-2021. By contrast, South Korea (-5.6%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seed cleaning, sorting and grading machine supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.7%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-8.7% per year) and Taiwan (Chinese) (+9.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, increasing by 16% against the previous year. Overall, the export price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports in Eastern Asia

In 2021, purchases abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables increased by 2.3% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of 34%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables dropped to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 47%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Democratic People's Republic of Korea (X units), South Korea (X units), Taiwan (Chinese) (X units), China (X units) and Japan (X units) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seed cleaning, sorting and grading machine importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 83% of total imports. These countries were followed by Taiwan (Chinese) and Democratic People's Republic of Korea, which together accounted for a further 17%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of -1.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, reducing by -10.6% against the previous year. Overall, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in 2016 an increase of 16%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :