Southern Asia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Southern Asia

In 2022, the South Asian agricultural harvester market decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Agricultural Harvester Production in Southern Asia

In value terms, agricultural harvester production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Agricultural Harvester Exports

Exports in Southern Asia

For the fifth consecutive year, Southern Asia recorded growth in overseas shipments of agricultural harvesters, which increased by X% to X units in 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, agricultural harvester exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a temperate increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the agricultural harvesters exports, with a CAGR of X% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest agricultural harvester supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, agricultural harvester exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 India ($X per unit), while Pakistan amounted to $X per unit.

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

Agricultural Harvester Imports

Imports in Southern Asia

In 2022, purchases abroad of agricultural harvesters decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, agricultural harvester imports dropped markedly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

India was the major importer of agricultural harvesters in Southern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Pakistan (X units) and Nepal (X units), together constituting a X% share of total imports. Bangladesh (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Pakistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported agricultural harvesters in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with an X% share.

In India, agricultural harvester imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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