Southern Asia: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Southern Asia

In 2021, after two years of decline, there was significant growth in the South Asian market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables, when its value increased by 12% to $X. Overall, consumption recorded a strong increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Southern Asia

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables rose markedly to $X in 2021 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 52% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports in Southern Asia

Exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables rose notably to X units in 2021, surging by 12% on the previous year. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 56%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +22.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 39% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables exports, with a CAGR of +2.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest seed cleaning, sorting and grading machine supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +5.4%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, dropping by -10.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 when the export price increased by 32%. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.1% per year.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports in Southern Asia

In 2021, overseas purchases of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables increased by 42% to X units, rising for the fifth consecutive year after four years of decline. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the largest importer of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Southern Asia, with the volume of imports amounting to X units, which was approx. 51% of total imports in 2021. Bangladesh (X units) ranks second in terms of the total imports with a 31% share, followed by Nepal (6.1%), Pakistan (6%) and Sri Lanka (5.5%).

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Southern Asia, comprising 65% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Nepal, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to +2.8%. In the other countries, the average annual rates were as follows: Bangladesh (-8.5% per year) and Nepal (+7.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, which is down by -11.6% against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 5.7% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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