South-Eastern Asia: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in South-Eastern Asia

The Southeast Asian straw for fodder balers market reduced to $X in 2021, declining by -5.2% against the previous year. The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in South-Eastern Asia

In value terms, straw for fodder balers production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 54% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of straw or fodder balers, including pickup balers, when their volume decreased by -34.7% to X units. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 111% against the previous year. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, straw for fodder balers exports dropped significantly to $X in 2021. Over the period under review, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 102% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Indonesia was the main exporter of straw or fodder balers, including pickup balers in South-Eastern Asia, with the volume of exports accounting for X units, which was near 60% of total exports in 2021. It was distantly followed by Vietnam (X units), Singapore (X units) and Thailand (X units), together constituting a 39% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to straw for fodder balers exports from Indonesia stood at +6.7%. At the same time, Vietnam (+27.7%) and Singapore (+26.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +27.7% from 2012-2021. By contrast, Thailand (-5.2%) illustrated a downward trend over the same period. While the share of Vietnam (+12 p.p.) and Singapore (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-2.2 p.p.) and Thailand (-20.9 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest straw for fodder balers supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia stood at +10.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-0.8% per year) and Vietnam (+50.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, rising by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 an increase of 21%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($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 (+17.2%), while the other leaders experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in supplies from abroad of straw or fodder balers, including pickup balers, which increased by 79% to X units in 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 213%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, straw for fodder balers imports surged to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 127%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Thailand prevails in imports structure, amounting to X units, which was approx. 91% of total imports in 2021. It was distantly followed by Vietnam (X units), constituting a 5.8% share of total imports. Cambodia (X units) took a little share of total imports.

Thailand was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of +83.9% from 2012 to 2021. At the same time, Vietnam (+48.5%) and Cambodia (+35.1%) displayed positive paces of growth. Thailand (+88 p.p.) and Vietnam (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in South-Eastern Asia, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports.

In Thailand, straw for fodder balers imports expanded at an average annual rate of +65.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+104.1% per year) and Cambodia (+31.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, dropping by -11.2% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 143%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :