ASEAN: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

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

The ASEAN straw for fodder balers market amounted to $X in 2022, rising by X% against the previous year. Overall, consumption enjoyed a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, straw for fodder balers production rose to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in ASEAN

In 2022, overseas shipments of straw or fodder balers, including pickup balers decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a perceptible descent. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, straw for fodder balers exports contracted dramatically to $X in 2022. In general, exports recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand was the largest exporter of straw or fodder balers, including pickup balers in ASEAN, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Vietnam (X units) held the second position in the ranking, distantly followed by Singapore (X units) and Malaysia (X units). All these countries together held approx. X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest straw for fodder balers supplying countries in ASEAN were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in ASEAN

In 2022, the amount of straw or fodder balers, including pickup balers imported in ASEAN skyrocketed to X units, rising by X% compared with the previous year. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports fell to $X in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Thailand prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Vietnam (X units), constituting a X% share of total imports. The following importers - Cambodia (X units) and Lao People's Democratic Republic (X units) - together made up X% of total imports.

Thailand was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%), Vietnam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Thailand (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :