Southern Asia: Harrow Market 2020

Harrow Market Size in Southern Asia

The revenue of the harrow market in Southern Asia amounted to $X in 2017, dropping by -X% against the previous year. The harrow consumption continues to indicate a deep drop. The pace of growth was the most pronounced in 2008, when market value increased by X% year-to-year. In that year, the harrow market reached their peak level of $X. From 2009 to 2017, growth of the harrow market failed to regain its momentum.

Harrow Production in Southern Asia

In 2017, production of harrows (excluding disc harrows) in Southern Asia totaled X units, remaining relatively unchanged against the previous year. The total output indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the harrow production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. The volume of harrow production peaked in 2017, and is likely to continue its growth in the immediate term.

Harrow Exports in Southern Asia

In 2017, exports of harrows (excluding disc harrows) in Southern Asia totaled X units, dropping by -X% against the previous year. The harrow exports continue to indicate an outstanding growth. The pace of growth appeared the most rapid in 2016, with an increase of X% against the previous year. In that year, the harrow exports attained their peak volume of X units, and then declined slightly in the following year.

In value terms, harrow exports stood at $X in 2017. The harrow exports continue to indicate a remarkable expansion. Over the period under review, the harrow exports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Harrow Exports by Country in Southern Asia

In 2017, India (X units) were the largest exporters of harrows (excluding disc harrows) in Southern Asia, creating X% of total export.

India was also the fastest growing in terms of the harrows (excluding disc harrows) exports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest harrow supplier in Southern Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in India stood at +X%.

Harrow Export Prices by Country in Southern Asia

The harrow export price in Southern Asia stood at $X per thousand units in 2017, reducing by -X% against the previous year. The harrow export price continues to indicate a precipitous reduction. The most prominent rate of growth was recorded in 2015, when the export prices increased by -X% year-to-year. The level of export price peaked of $X per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (-X% per year).

Harrow Imports in Southern Asia

In 2017, the amount of harrows (excluding disc harrows) imported in Southern Asia stood at X units, jumping by X% against the previous year. The harrow imports continue to indicate a strong expansion. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. In that year, the harrow imports reached their peak volume of X units. From 2016 to 2017, growth of the harrow imports stood at a somewhat lower level.

In value terms, harrow imports totaled $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. In that year, the harrow imports reached their peak level, and are likely to continue its growth in the immediate term.

Harrow Imports by Country in Southern Asia

India was the major importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Nepal (X units) and Bangladesh (X units), together achieving X% share of total imports. Sri Lanka (X units) occupied the slight share of total imports.

India was also the fastest growing in terms of the harrows (excluding disc harrows) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Nepal (+X%) and Bangladesh (+X%) displayed positive paces of growth. By contrast, Sri Lanka (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Sri Lanka increased by X% percentage points, while Nepal (-X%) and India (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Nepal ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

In terms of the main importing countries , Nepal (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Harrow Import Prices by Country in Southern Asia

The harrow import price in Southern Asia stood at $X per unit in 2017, increasing by X% against the previous year. The harrow import price continues to indicate a significant growth. The pace of growth was the most pronounced in 2010, when the import prices increased by X% year-to-year. The level of import price peaked of $X per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Sri Lanka ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Nepal (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform