Eastern Asia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Eastern Asia

The East Asian threshing machinery market stood at $X in 2022, remaining constant against the previous year. Overall, consumption, however, recorded a pronounced contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Eastern Asia

In value terms, threshing machinery production reached $X in 2022 estimated in export price. Overall, production, however, saw a noticeable descent. The growth pace was the most rapid in 2013 when the production volume increased by 6.3%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in Eastern Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of threshing machinery except combine harvester-threshers, when their volume decreased by -13.7% to X units. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 61%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced in the following year.

In value terms, threshing machinery exports soared to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 51%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 95% of total exports in 2022. It was distantly followed by South Korea (X units), achieving a 4.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to threshing machinery exports from China stood at +21.3%. At the same time, South Korea (+27.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +27.5% from 2012-2022. While the share of China (+2.8 p.p.) and South Korea (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest threshing machinery supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.7% share of total exports.

In China, threshing machinery exports increased at an average annual rate of +12.6% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.7%).

Threshing Machinery Imports

Imports in Eastern Asia

In 2022, overseas purchases of threshing machinery except combine harvester-threshers decreased by -13.7% to X units, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 54%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports surged to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

China was the largest importing country with an import of around X units, which finished at 51% of total imports. It was distantly followed by Democratic People's Republic of Korea (X units), South Korea (X units) and Taiwan (Chinese) (X units), together comprising a 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by Democratic People's Republic of Korea ($X), with a 21% share of total imports. It was followed by South Korea, with an 8% share.

In China, threshing machinery imports expanded at an average annual rate of +5.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Democratic People's Republic of Korea (-7.9% per year) and South Korea (+6.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by 100% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threshing machinery import price increased by +103.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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