South-Eastern Asia: Plough Market 2025

Plough Market Size in South-Eastern Asia

The Southeast Asian plough market fell sharply to $X in 2022, reducing by -19.1% against the previous year. In general, consumption saw a slight descent. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plough Production in South-Eastern Asia

In value terms, plough production declined modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Plough Exports

Exports in South-Eastern Asia

In 2022, approx. X units of ploughs for agricultural purposes were exported in South-Eastern Asia; rising by 48% against the previous year's figure. Overall, exports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 83%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plough exports fell to $X in 2022. In general, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X units, which reached 79% of total exports. It was distantly followed by Vietnam (X units), achieving a 20% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plough exports from Thailand stood at -3.0%. At the same time, Vietnam (+3.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +3.1% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by +8 percentage points.

In value terms, Vietnam ($X) remains the largest plough supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Thailand ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Vietnam was relatively modest.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, shrinking by -34.8% against the previous year. Over the period under review, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 33%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.1%).

Plough Imports

Imports in South-Eastern Asia

In 2022, approx. X units of ploughs for agricultural purposes were imported in South-Eastern Asia; reducing by -19.9% against 2021. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by 122% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, plough imports fell dramatically to $X in 2022. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 84%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cambodia (X units) was the major importer of ploughs for agricultural purposes, generating 38% of total imports. Indonesia (X units) held the second position in the ranking, followed by Thailand (X units), Vietnam (X units) and Myanmar (X units). All these countries together held near 53% share of total imports. The Philippines (X units) and Malaysia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Cambodia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Indonesia, Myanmar, the Philippines and Malaysia lagged somewhat behind, together comprising a further 37%.

In terms of the main importing countries, Indonesia, with a CAGR of +19.3%, recorded 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 2022, the import price in South-Eastern Asia amounted to $X per unit, approximately equating the previous year. In general, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2019 an increase of 51% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per unit), while Cambodia ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :