South-Eastern Asia: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in South-Eastern Asia

The Southeast Asian agricultural and forestry tractor market was estimated at $X in 2021, picking up by 14% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Agricultural And Forestry Tractors in South-Eastern Asia

In value terms, agricultural and forestry tractor production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Agricultural And Forestry Tractors

Exports in South-Eastern Asia

Agricultural and forestry tractor exports expanded markedly to X units in 2021, increasing by 7.9% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 103%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, agricultural and forestry tractor exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 46%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the largest exporting country with an export of about X units, which amounted to 76% of total exports. It was distantly followed by Indonesia (X units), achieving a 20% share of total exports. Vietnam (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +24.6% from 2012 to 2021. At the same time, Indonesia (+108.9%) and Vietnam (+8.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +108.9% from 2012-2021. Indonesia (+20 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Vietnam saw its share reduced by -3.8% and -6% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest agricultural and forestry tractor supplier in South-Eastern Asia, comprising 73% of total exports. The second position in the ranking was held by Indonesia ($X), with a 24% share of total exports.

In Thailand, agricultural and forestry tractor exports expanded at an average annual rate of +11.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+91.1% per year) and Vietnam (-1.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, jumping by 23% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-8.5%), while the other leaders experienced a decline in the export price figures.

Imports of Agricultural And Forestry Tractors

Imports in South-Eastern Asia

In 2021, the amount of agricultural and forestry tractors imported in South-Eastern Asia stood at X units, surging by 12% against the year before. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, agricultural and forestry tractor imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the main importer of agricultural and forestry tractors in South-Eastern Asia, with the volume of imports reaching X units, which was approx. 37% of total imports in 2021. The Philippines (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (14%), Malaysia (10%), Myanmar (6.9%), Vietnam (6.1%) and Indonesia (5.8%).

Imports into Thailand increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, the Philippines (+24.0%), Cambodia (+23.5%), Myanmar (+8.1%), Indonesia (+5.1%) and Vietnam (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +24.0% from 2012-2021. By contrast, Malaysia (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and Cambodia increased by +11 and +10 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Cambodia ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2021, with a combined 68% share of total imports.

The Philippines, with a CAGR of +29.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, with an increase of 22% against the previous year. Over the period under review, the import price, however, recorded a deep slump. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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