Southern Asia: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Southern Asia

The South Asian straw for fodder balers market contracted to $X in 2021, dropping by -1.9% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Southern Asia

In value terms, straw for fodder balers production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 32%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Southern Asia

In 2021, exports of straw or fodder balers, including pickup balers in Southern Asia surged to X units, growing by 77% on the previous year's figure. In general, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 400% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, straw for fodder balers exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 318%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of straw or fodder balers, including pickup balers, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of +75.1% from 2012 to 2021. India (+49 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest straw for fodder balers supplier in Southern Asia.

In India, straw for fodder balers exports expanded at an average annual rate of +83.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, rising by 4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

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 +4.8% per year.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Southern Asia

Straw for fodder balers imports soared to X units in 2021, jumping by 22% on 2020. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 92% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, straw for fodder balers imports skyrocketed to $X in 2021. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 99% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

In 2021, India (X units) was the key importer of straw or fodder balers, including pickup balers, generating 80% of total imports. Pakistan (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (5.3%).

Imports into India increased at an average annual rate of +23.7% from 2012 to 2021. At the same time, Nepal (+34.6%) and Pakistan (+6.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +34.6% from 2012-2021. While the share of India (+20 p.p.) and Nepal (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-23.2 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India totaled +23.2%. In the other countries, the average annual rates were as follows: Pakistan (+5.8% per year) and Nepal (+44.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, dropping by -1.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 11% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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