India: Seeder And Planter Market 2024

Seeder And Planter Market Size in India

After two years of growth, the Indian seeder and planter market decreased by -4.2% to $X in 2021. Over the period under review, consumption saw a noticeable curtailment. Seeder and planter consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Seeder And Planter Production in India

In value terms, seeder and planter production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced reduction. Seeder and planter production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Seeder And Planter Exports

Exports from India

In 2021, overseas shipments of seeders, planters, transplanters increased by 11% to X units, rising for the third consecutive year after three years of decline. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 252%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, seeder and planter exports shrank to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 158% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for seeder and planter exports from India, with a 93% share of total exports. Moreover, seeder and planter exports to Nigeria exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +93.7%.

In value terms, Nigeria ($X) remains the key foreign market for seeders, planters, transplanters exports from India, comprising 68% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria totaled +71.4%.

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2021, declining by -17.2% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 79% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Nigeria totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+14.2%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into India

In 2016, seeder and planter imports into India surged to X units, with an increase of 58% compared with 2015 figures. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2016, imports remained at a lower figure.

In value terms, seeder and planter imports surged to $X in 2016. Over the period under review, imports, however, recorded a noticeable downturn. Imports peaked at $X in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, China (X units) constituted the largest supplier of seeder and planter to India, accounting for a 82% share of total imports. Moreover, seeder and planter imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2016, the average annual growth rate of volume from China stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+91.1% per year) and South Korea (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of seeders, planters, transplanters to India, comprising 82% of total imports. The second position in the ranking was held by Italy ($X), with a 4.5% share of total imports. It was followed by South Korea, with a 4.4% share.

From 2012 to 2016, the average annual rate of growth in terms of value from China stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+82.4% per year) and South Korea (-13.7% per year).

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2016, dropping by -10.8% against the previous year. Overall, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in 2014 when the average import price increased by 5.7% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2016, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Italy (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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