ASEAN: Threshing Machinery Market 2024

Threshing Machinery Market Size in ASEAN

The ASEAN threshing machinery market reached $X in 2023, surging by X% against the previous year. Overall, consumption, however, recorded a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Threshing Machinery Production in ASEAN

In value terms, threshing machinery production stood at $X in 2023 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Threshing Machinery Exports

Exports in ASEAN

In 2023, after two years of decline, there was significant growth in overseas shipments of threshing machinery except combine harvester-threshers, when their volume increased by X% to X units. Overall, exports recorded a tangible expansion. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports surged to $X in 2023. In general, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, recording X units, which was near X% of total exports in 2023. It was distantly followed by Indonesia (X units), Malaysia (X units) and Vietnam (X units), together constituting a X% share of total exports.

Thailand was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest threshing machinery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, stabilizing at the previous year. Overall, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Threshing Machinery Imports

Imports in ASEAN

In 2023, imports of threshing machinery except combine harvester-threshers in ASEAN rose significantly to X units, growing by X% on the previous year's figure. In general, imports showed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, threshing machinery imports contracted to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Lao People's Democratic Republic represented the main importer of threshing machinery except combine harvester-threshers in ASEAN, with the volume of imports accounting for X units, which was approx. X% of total imports in 2023. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Thailand (X%). The following importers - Cambodia (X units), the Philippines (X units) and Myanmar (X units) - together made up X% of total imports.

Imports into Lao People's Democratic Republic increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Myanmar (X%), Indonesia (X%), Cambodia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Lao People's Democratic Republic, Vietnam and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price saw 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 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Myanmar ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform