Eastern Asia: Seeder And Planter Market 2024

Seeder And Planter Market Size in Eastern Asia

The East Asian seeder and planter market was estimated at $X in 2021, picking up by 9.8% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Seeder And Planter Production in Eastern Asia

In value terms, seeder and planter production rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of 7.9%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Seeder And Planter Exports

Exports in Eastern Asia

In 2021, overseas shipments of seeders, planters, transplanters decreased by -48.2% to X units, falling for the second year in a row after two years of growth. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 125% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, seeder and planter exports reduced sharply to $X in 2021. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2019 when exports increased by 100%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 97% of total exports in 2021. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the seeders, planters, transplanters exports, with a CAGR of +2.9% from 2012 to 2021. South Korea (-27.0%) illustrated a downward trend over the same period. China (+68 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -8.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest seeder and planter supplier in Eastern Asia, comprising 97% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -12.8%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, declining by -30.3% against the previous year. Over the period under review, the export price recorded a sharp decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 5.4% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while South Korea stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-15.3%).

Seeder And Planter Imports

Imports in Eastern Asia

Seeder and planter imports amounted to X units in 2021, almost unchanged from the year before. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 17%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, seeder and planter imports reached $X in 2021. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 8.7% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea was the largest importer of seeders, planters, transplanters in Eastern Asia, with the volume of imports recording X units, which was approx. 89% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X units), comprising an 11% share of total imports.

South Korea was also the fastest-growing in terms of the seeders, planters, transplanters imports, with a CAGR of +8.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+6.7%) displayed positive paces of growth. From 2012 to 2021, the share of South Korea and Taiwan (Chinese) increased by +67 and +8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported seeders, planters, transplanters in Eastern Asia, comprising 83% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea amounted to +2.9%.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a 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 Taiwan (Chinese) ($X per unit), while South Korea stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.5%).

Source: IndexBox Platform

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