Vietnam: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Vietnam

The Vietnamese straw for fodder balers market declined sharply to $X in 2021, which is down by -23.9% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.2% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in Vietnam

In value terms, straw for fodder balers production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a measured increase. The growth pace was the most rapid in 2020 when the production volume increased by 124%. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from Vietnam

For the fifth year in a row, Vietnam recorded growth in shipments abroad of straw or fodder balers, including pickup balers, which increased by 13% to X units in 2021. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 300%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, straw for fodder balers exports expanded to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,832% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X units) and the Philippines (X units) were the main destinations of straw for fodder balers exports from Vietnam.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +900.0%).

In value terms, Lao People's Democratic Republic ($X), the Philippines ($X) and Singapore ($X) were the largest markets for straw for fodder balers exported from Vietnam worldwide.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +132.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average straw for fodder balers export price stood at $X per unit in 2021, dropping by -9.5% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,424%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+175.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into Vietnam

In 2021, overseas purchases of straw or fodder balers, including pickup balers increased by 53% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,025% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, straw for fodder balers imports soared to $X in 2021. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 922%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest straw for fodder balers supplier to Vietnam, accounting for a 90% share of total imports. Moreover, straw for fodder balers imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +62.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+47.6% per year) and the Netherlands (+27.5% per year).

In value terms, China ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to Vietnam, comprising 93% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +210.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.7% per year) and Japan (+72.1% per year).

Import Prices by Country

In 2021, the average straw for fodder balers import price amounted to $X per unit, rising by 1.7% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 9.3%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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