Asia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Asia

The Asian agricultural harvester market was estimated at $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Agricultural Harvester Production in Asia

In value terms, agricultural harvester production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Agricultural Harvester Exports

Exports in Asia

In 2023, agricultural harvester exports in Asia skyrocketed to X units, picking up by X% on 2022 figures. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester exports stood at $X in 2023. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X units, which was near X% of total exports in 2023. India (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). Turkey (X units) took a little share of total exports.

China was also the fastest-growing in terms of the agricultural harvesters exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and India (X%) displayed positive paces of growth. By contrast, Turkey (X%) illustrated a downward trend over the same period. China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while India and Turkey saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest agricultural harvester supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, agricultural harvester exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, 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 Thailand ($X per unit), while India ($X per unit) was amongst the lowest.

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

Agricultural Harvester Imports

Imports in Asia

In 2023, the amount of agricultural harvesters imported in Asia surged to X units, jumping by X% compared with the year before. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, agricultural harvester imports soared to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Kazakhstan (X units), distantly followed by India (X units), Thailand (X units), Bangladesh (X units), Cambodia (X units), the Philippines (X units), Myanmar (X units), China (X units) and Turkey (X units) were the largest importers of agricultural harvesters, together committing X% of total imports. The following importers - Nepal (X units), Pakistan (X units), Indonesia (X units) and South Korea (X units) - together made up X% of total imports.

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

In value terms, China ($X) constitutes the largest market for imported agricultural harvesters in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform