Eastern Asia: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Eastern Asia

The East Asian straw for fodder balers market declined to $X in 2021, falling by -8.2% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +10.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Eastern Asia

In value terms, straw for fodder balers production declined to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Eastern Asia

In 2021, the amount of straw or fodder balers, including pickup balers exported in Eastern Asia skyrocketed to X units, rising by 50% against 2020 figures. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 54%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports surged to $X in 2021. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 49% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, China (X units) was the major exporter of straw or fodder balers, including pickup balers, generating 72% of total exports. It was distantly followed by Japan (X units), constituting a 27% share of total exports.

China was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of +35.8% from 2012 to 2021. At the same time, Japan (+20.7%) displayed positive paces of growth. While the share of China (+52 p.p.) and Japan (+5.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) and Japan ($X) were the countries with the highest levels of exports in 2021.

China, with a CAGR of +26.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, waning by -12.1% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by 9% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-6.2%).

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Eastern Asia

In 2021, purchases abroad of straw or fodder balers, including pickup balers increased by 44% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importer of straw or fodder balers, including pickup balers in Eastern Asia, with the volume of imports accounting for X units, which was near 63% of total imports in 2021. It was distantly followed by Japan (X units) and South Korea (X units), together making up a 36% share of total imports.

China was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of +9.9% from 2012 to 2021. At the same time, Japan (+4.2%) displayed positive paces of growth. By contrast, South Korea (-1.1%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-2.8 p.p.) and South Korea (-15.2 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Eastern Asia, comprising 62% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +11.4%. In the other countries, the average annual rates were as follows: Japan (+5.3% per year) and South Korea (-1.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 9.9%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while China ($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 (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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