South-Eastern Asia: Harvesting Machinery Market 2025

Harvesting Machinery Market Size in South-Eastern Asia

The Southeast Asian harvesting machinery market amounted to $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 when the market value increased by 7.8% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Harvesting Machinery Production in South-Eastern Asia

In value terms, harvesting machinery production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 8.4% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Harvesting Machinery Exports

Exports in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of root or tuber harvesting machines, when their volume decreased by -64.5% to X units. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 288%. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, harvesting machinery exports declined dramatically to $X in 2021. Over the period under review, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 278%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2021, Thailand (X units) represented the major exporter of root or tuber harvesting machines in South-Eastern Asia, mixing up 100% of total export.

Thailand was also the fastest-growing in terms of the root or tuber harvesting machines exports, with a CAGR of +20.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest harvesting machinery supplier in South-Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +6.5%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, declining by -56.4% against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to -11.9% per year.

Harvesting Machinery Imports

Imports in South-Eastern Asia

Harvesting machinery imports reached X units in 2021, growing by 5% on the previous year. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 100% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, harvesting machinery imports fell sharply to $X in 2021. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 402%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand represented the largest importing country with an import of around X units, which resulted at 48% of total imports. Cambodia (X units) held the second position in the ranking, followed by Indonesia (X units), Vietnam (X units), Malaysia (X units) and the Philippines (X units). All these countries together took approx. 52% share of total imports.

Thailand was also the fastest-growing in terms of the root or tuber harvesting machines imports, with a CAGR of +29.2% from 2012 to 2021. At the same time, Indonesia (+13.0%) displayed positive paces of growth. Vietnam, Malaysia and Cambodia experienced a relatively flat trend pattern. By contrast, the Philippines (-7.4%) illustrated a downward trend over the same period. Thailand (+39 p.p.) and Indonesia (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Vietnam, Cambodia and the Philippines saw its share reduced by -4.3%, -13%, -13% and -13.4% from 2012 to 2021, respectively.

In value terms, the largest harvesting machinery importing markets in South-Eastern Asia were Cambodia ($X), the Philippines ($X) and Vietnam ($X), with a combined 74% share of total imports.

Vietnam, with a CAGR of +7.7%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per unit, which is down by -34.1% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 151%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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