South-Eastern Asia: Combine Harvester Market 2025

Combine Harvester Market Size in South-Eastern Asia

The Southeast Asian combine harvester market shrank slightly to $X in 2022, falling by -1.8% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Combine Harvester Production in South-Eastern Asia

In value terms, combine harvester production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Combine Harvester Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of combine harvester-threshers, when their volume decreased by -30.8% to X units. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 354%. The volume of export peaked at X units in 2021, and then declined notably in the following year.

In value terms, combine harvester exports reduced markedly to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 125% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, finishing at X units, which was near 97% of total exports in 2022. Myanmar (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to combine harvester exports from Thailand stood at +27.9%. At the same time, Myanmar (+50.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +50.0% from 2012-2022. While the share of Thailand (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest combine harvester supplier in South-Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at +13.9%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, declining by -3.3% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 51%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+3.9%).

Combine Harvester Imports

Imports in South-Eastern Asia

In 2022, the amount of combine harvester-threshers imported in South-Eastern Asia fell notably to X units, waning by -57.2% compared with 2021 figures. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 145%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, combine harvester imports shrank sharply to $X in 2022. In general, imports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 134% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X units) represented the largest importer of combine harvester-threshers, comprising 40% of total imports. It was distantly followed by Cambodia (X units), Thailand (X units), Lao People's Democratic Republic (X units), Indonesia (X units) and Vietnam (X units), together making up a 56% share of total imports. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest combine harvester importing markets in South-Eastern Asia were Cambodia ($X), Indonesia ($X) and the Philippines ($X), together comprising 75% of total imports. Vietnam, Thailand, Lao People's Democratic Republic and Malaysia lagged somewhat behind, together comprising a further 25%.

Lao People's Democratic Republic, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by 46% against the previous year. In general, the import price, however, showed a pronounced reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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