Southern Asia: Hay-Making Machinery Market 2025

Hay-Making Machinery Market Size in Southern Asia

In 2021, after two years of growth, there was decline in the South Asian hay-making machinery market, when its value decreased by -1.5% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Hay-Making Machinery Production in Southern Asia

In value terms, hay-making machinery production fell to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 10%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Hay-Making Machinery Exports

Exports in Southern Asia

In 2021, approx. X units of hay-making machinery were exported in Southern Asia; surging by 88% compared with the year before. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 893% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, hay-making machinery exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 833%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, resulting at X units, which was approx. 94% of total exports in 2021. It was distantly followed by Pakistan (X units), creating a 6.5% share of total exports.

India was also the fastest-growing in terms of the hay-making machinery exports, with a CAGR of +39.0% from 2012 to 2021. At the same time, Pakistan (+26.0%) displayed positive paces of growth. While the share of Pakistan (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-6.5 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest hay-making machinery supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 5.5% share of total exports.

In India, hay-making machinery exports expanded at an average annual rate of +42.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, surging by 7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the export price increased by 11%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.3%).

Hay-Making Machinery Imports

Imports in Southern Asia

In 2021, the amount of hay-making machinery imported in Southern Asia surged to X units, with an increase of 113% against the previous year's figure. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 133%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, hay-making machinery imports skyrocketed to $X in 2021. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 102%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Bangladesh (X units) represented the major importer of hay-making machinery, achieving 61% of total imports. India (X units) ranks second in terms of the total imports with a 26% share, followed by Nepal (7%). Afghanistan (X units) held a little share of total imports.

Bangladesh was also the fastest-growing in terms of the hay-making machinery imports, with a CAGR of +57.1% from 2012 to 2021. At the same time, India (+49.1%) and Nepal (+39.5%) displayed positive paces of growth. By contrast, Afghanistan (-10.7%) illustrated a downward trend over the same period. While the share of Bangladesh (+56 p.p.), India (+22 p.p.) and Nepal (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-43.1 p.p.) displayed negative dynamics.

In value terms, the largest hay-making machinery importing markets in Southern Asia were India ($X), Bangladesh ($X) and Nepal ($X), with a combined 97% share of total imports.

India, with a CAGR of +53.6%, 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

The import price in Southern Asia stood at $X per unit in 2021, declining by -26.6% against the previous year. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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