South-Eastern Asia: Threshing Machinery Market 2024

Threshing Machinery Market Size in South-Eastern Asia

The Southeast Asian threshing machinery market expanded modestly to $X in 2022, rising by 1.8% against the previous year. Over the period under review, consumption, however, showed a deep reduction. The growth pace was the most rapid in 2020 when the market value increased by 7.1%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in South-Eastern Asia

In value terms, threshing machinery production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 6.2% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Threshing Machinery Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in overseas shipments of threshing machinery except combine harvester-threshers, which decreased by -51.8% to X units in 2022. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 140% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, threshing machinery exports contracted remarkably to $X in 2022. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units) and Malaysia (X units) were the main exporters of threshing machinery except combine harvester-threshers in 2022, accounting for approx. 43% and 34% of total exports, respectively. Indonesia (X units) ranks next in terms of the total exports with a 14% share, followed by Vietnam (9.3%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +1.4%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest threshing machinery supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined 91% share of total exports. Indonesia lagged somewhat behind, comprising a further 8.8%.

Indonesia, with a CAGR of -12.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, rising by 14% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 an increase of 47%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.2%), while the other leaders experienced a decline in the export price figures.

Threshing Machinery Imports

Imports in South-Eastern Asia

For the fourth year in a row, South-Eastern Asia recorded growth in overseas purchases of threshing machinery except combine harvester-threshers, which increased by 22% to X units in 2022. Overall, imports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, threshing machinery imports amounted to $X in 2022. In general, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 when imports increased by 64% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lao People's Democratic Republic represented the main importing country with an import of about X units, which amounted to 40% of total imports. It was distantly followed by Thailand (X units), Cambodia (X units), Indonesia (X units) and Vietnam (X units), together committing a 56% share of total imports. Singapore (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports. It was followed by Thailand, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Lao People's Democratic Republic totaled +20.4%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-10.7% per year) and Thailand (-10.0% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, waning by -15.3% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by 31%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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