South-Eastern Asia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in South-Eastern Asia

The Southeast Asian agricultural product dryer market shrank to $X in 2021, reducing by -8.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Agricultural Product Dryer Production in South-Eastern Asia

In value terms, agricultural product dryer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 106% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of dryers for the treatment of agricultural products decreased by -15.3% to X units, falling for the third year in a row after three years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 98%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, agricultural product dryer exports declined dramatically to $X in 2021. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by 105% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia was the major exporting country with an export of around X units, which recorded 42% of total exports. It was distantly followed by the Philippines (X units), Thailand (X units) and Cambodia (X units), together making up a 51% share of total exports. Vietnam (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest agricultural product dryer supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Vietnam, with a 6.6% share.

In Malaysia, agricultural product dryer exports decreased by an average annual rate of -9.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+4.0% per year) and Vietnam (-0.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, reducing by -56.3% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2020 when the export price increased by 59%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), while the other leaders experienced a decline in the export price figures.

Agricultural Product Dryer Imports

Imports in South-Eastern Asia

Agricultural product dryer imports stood at X units in 2021, remaining stable against 2020. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 163%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, agricultural product dryer imports reduced remarkably to $X in 2021. Over the period under review, imports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Philippines represented the main importer of dryers for the treatment of agricultural products in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. 75% of total imports in 2021. Vietnam (X units) took the second position in the ranking, followed by Indonesia (X units) and Malaysia (X units). All these countries together held near 20% share of total imports. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to agricultural product dryer imports into the Philippines stood at +26.9%. At the same time, Vietnam (+42.3%), Malaysia (+13.2%) and Thailand (+7.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +42.3% from 2012-2021. By contrast, Indonesia (-10.4%) illustrated a downward trend over the same period. While the share of the Philippines (+43 p.p.) and Vietnam (+9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-43.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural product dryer importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and the Philippines ($X), together comprising 63% of total imports. These countries were followed by Vietnam and Malaysia, which together accounted for a further 21%.

Among the main importing countries, Vietnam, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, declining by -21.2% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of 51% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the Philippines ($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 (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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