India: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in India

The Indian market for parts of harvester and threshers contracted to $X in 2021, declining by -4.9% against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then declined slightly in the following year.

Production of Parts Of Harvester And Threshers in India

In value terms, parts of harvester and threshers production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Parts of harvester and threshers production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Parts Of Harvester And Threshers

Exports from India

In 2021, parts of harvester and threshers exports from India soared to X units, growing by 119% against the previous year's figure. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Overall, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for parts of harvester and threshers exports from India, accounting for a 35% share of total exports. Moreover, parts of harvester and threshers exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Hungary (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.6% per year) and Hungary (+292.4% per year).

In value terms, the United States ($X) remains the key foreign market for parts of harvester and threshers exports from India, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Hungary, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.2% per year) and Hungary (+269.7% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, reducing by -14.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into India

In 2021, imports of parts of harvester and threshers into India rose notably to X units, surging by 14% against the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, parts of harvester and threshers imports expanded remarkably to $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 62% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of harvester and threshers to India, with a 75% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+25.7% per year) and Italy (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of parts of harvester and threshers to India, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.0% per year) and Italy (+6.1% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, reducing by -6.1% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 4.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform