India: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in India

In 2022, the Indian agricultural harvester market decreased by X% to $X, falling for the second consecutive year after five years of growth. In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Agricultural Harvester Production in India

In value terms, agricultural harvester production expanded to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports from India

For the fifth consecutive year, India recorded growth in shipments abroad of agricultural harvesters, which increased by X% to X units in 2022. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X units) was the main destination for agricultural harvester exports from India, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Israel exceeded the volume sent to the second major destination, Nepal (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel stood at X.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and the United States (X% per year).

In value terms, Nepal ($X) remains the key foreign market for agricultural harvesters exports from India, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Ghana, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Nepal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Ghana (X% per year).

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into India

In 2022, purchases abroad of agricultural harvesters decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, agricultural harvester imports fell to $X in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest agricultural harvester supplier to India, accounting for a X% share of total imports. Moreover, agricultural harvester imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Brazil (X% per year).

In value terms, the largest agricultural harvester suppliers to India were China ($X), Japan ($X) and Brazil ($X), with a combined X% share of total imports.

Among the main suppliers, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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