Thailand: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Thailand

The Thai agricultural harvester market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a modest expansion 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Agricultural Harvester Production in Thailand

In value terms, agricultural harvester production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of agricultural harvesters, when their volume decreased by X% to X units. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced remarkably in the following year.

In value terms, agricultural harvester exports reduced sharply to $X in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Cambodia (X units) was the main destination for agricultural harvester exports from Thailand, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Cambodia exceeded the volume sent to the second major destination, the Philippines (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Vietnam (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for agricultural harvesters exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average agricultural harvester export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Harvester Imports

Imports into Thailand

In 2022, imports of agricultural harvesters into Thailand declined markedly to X units, dropping by X% compared with 2021. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, agricultural harvester imports dropped markedly to $X in 2022. Overall, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

Brazil (X units), China (X units) and the United States (X units) were the main suppliers of agricultural harvester imports to Thailand, with a combined X% share of total imports. Japan, Turkey, India, the UK, Malaysia and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of agricultural harvesters to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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