ASEAN: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in ASEAN

The ASEAN harvesting machinery market declined to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Harvesting Machinery Production in ASEAN

In value terms, harvesting machinery production expanded rapidly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Harvesting Machinery Exports

Exports in ASEAN

In 2023, exports of root or tuber harvesting machines in ASEAN surged to X units, jumping by X% against the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, harvesting machinery exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2023. Malaysia (X units) took a minor share of total exports.

Thailand was also the fastest-growing in terms of the root or tuber harvesting machines exports, with a CAGR of X% from 2012 to 2023. Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Malaysia (X 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, Thailand ($X) remains the largest harvesting machinery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand totaled X%.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Harvesting Machinery Imports

Imports in ASEAN

In 2023, overseas purchases of root or tuber harvesting machines increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, harvesting machinery imports contracted rapidly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), Myanmar (X units), Malaysia (X units), Cambodia (X units), Lao People's Democratic Republic (X units), the Philippines (X units), Thailand (X units), Indonesia (X units) and Singapore (X units) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest harvesting machinery importing markets in ASEAN were Vietnam ($X), Cambodia ($X) and Myanmar ($X), together comprising X% of total imports. Indonesia, Thailand, Lao People's Democratic Republic, Malaysia, Singapore and the Philippines lagged somewhat behind, together accounting for a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, recorded a temperate increase. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform