India: Threshing Machinery Market 2024

Threshing Machinery Market Size in India

The Indian threshing machinery market reached $X in 2022, surging by 4.5% against the previous year. Overall, consumption saw a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in India

In value terms, threshing machinery production stood at $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 92%. Threshing machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Threshing Machinery Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of threshing machinery except combine harvester-threshers, when their volume decreased by -37.4% to X units. In general, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 124%. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, threshing machinery exports shrank markedly to $X in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 139% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Nepal (X units) was the main destination for threshing machinery exports from India, accounting for a 47% share of total exports. Moreover, threshing machinery exports to Nepal exceeded the volume sent to the second major destination, Sudan (X units), threefold. Ghana (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+24.3% per year) and Ghana (+25.0% per year).

In value terms, Nepal ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from India, comprising 47% of total exports. The second position in the ranking was taken by Sudan ($X), with a 15% share of total exports. It was followed by Ghana, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Nepal totaled +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+23.4% per year) and Ghana (+25.0% per year).

Export Prices by Country

The average threshing machinery export price stood at $X per unit in 2022, waning by -3.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 10% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ghana ($X per unit) and Tanzania ($X per unit), while the average price for exports to Sudan ($X per unit) and Mali ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+1.4%), while the prices for the other major destinations experienced a decline.

Threshing Machinery Imports

Imports into India

In 2022, approx. X units of threshing machinery except combine harvester-threshers were imported into India; surging by 30% on the year before. Overall, imports saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by 650%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, threshing machinery imports surged to $X in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 631%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest threshing machinery supplier to India, with a 85% share of total imports. Moreover, threshing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. The third position in this ranking was taken by Bangladesh (X units), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +65.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.8% per year) and Bangladesh (+8.4% per year).

In value terms, China ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to India, comprising 85% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total imports. It was followed by Bangladesh, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and Bangladesh (+5.7% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, dropping by -1.6% against the previous year. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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