Global Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size

The global agricultural product dryer market soared to $X in 2021, increasing by 22% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Agricultural Product Dryer Production

In value terms, agricultural product dryer production reduced modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, global production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Agricultural Product Dryer Exports

Exports

In 2021, after two years of decline, there was significant growth in shipments abroad of dryers for the treatment of agricultural products, when their volume increased by 18% to X units. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 48%. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, agricultural product dryer exports rose rapidly to $X in 2021. Overall, exports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of 17%. Over the period under review, the global exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X units), distantly followed by Italy (X units), the United States (X units), Germany (X units) and Taiwan (Chinese) (X units) were the main exporters of dryers for the treatment of agricultural products, together achieving 56% of total exports. The following exporters - Canada (X units), the UK (X units), Denmark (X units), India (X units), Sweden (X units), the Netherlands (X units), Argentina (X units) and France (X units) - together made up 23% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +38.4%), while the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 39% share of global exports. These countries were followed by China, Denmark, Taiwan (Chinese), the UK, Sweden, India, France, the Netherlands, Argentina and Canada, which together accounted for a further 35%.

India, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, with a decrease of -3.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 8.6% against the previous year. The global export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.9%), while the other global leaders experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports

Global agricultural product dryer imports skyrocketed to X units in 2021, increasing by 32% against the year before. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 with an increase of 157% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of global imports failed to regain momentum.

In value terms, agricultural product dryer imports soared to $X in 2021. Overall, imports, however, showed a slight decline. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X units), distantly followed by Norway (X units) and Canada (X units) were the key importers of dryers for the treatment of agricultural products, together mixing up 45% of total imports. Vietnam (X units), Lithuania (X units), Poland (X units), Ukraine (X units), Russia (X units), Japan (X units), Bangladesh (X units), Indonesia (X units), Lebanon (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to agricultural product dryer imports into the Philippines stood at +26.9%. At the same time, Lebanon (+89.7%), Japan (+45.6%), Vietnam (+42.3%), Lithuania (+38.5%), Norway (+22.9%), Poland (+19.2%), Bangladesh (+17.2%), Canada (+15.0%) and Malaysia (+13.2%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the world, with a CAGR of +89.7% from 2012-2021. Russia and Ukraine experienced a relatively flat trend pattern. By contrast, Indonesia (-10.4%) illustrated a downward trend over the same period. The Philippines (+20 p.p.), Norway (+8.1 p.p.), Vietnam (+3.3 p.p.), Canada (+2.8 p.p.), Lithuania (+2.3 p.p.), Japan (+2 p.p.) and Lebanon (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Russia, Ukraine and Indonesia saw its share reduced by -2.4%, -2.5% and -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Canada ($X) were the countries with the highest levels of imports in 2021, with a combined 23% share of global imports. These countries were followed by Indonesia, Poland, the Philippines, Vietnam, Lithuania, Bangladesh, Japan, Malaysia, Norway and Lebanon, which together accounted for a further 16%.

In terms of the main importing countries, Lebanon, with a CAGR of +88.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, which is down by -10.8% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 114% against the previous year. Global import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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