Asia-Pacific: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Asia-Pacific

The Asia-Pacific agricultural appliance market expanded modestly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a mild shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Agricultural Appliance Production in Asia-Pacific

In value terms, agricultural appliance production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Agricultural Appliance Exports

Exports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in overseas shipments of agricultural appliances, when their volume decreased by X% to X units. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, agricultural appliance exports fell rapidly to $X in 2022. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by India (X units), comprising a X% share of total exports. Taiwan (Chinese) (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural appliance exports from China stood at X%. At the same time, India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

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

Agricultural Appliance Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in supplies from abroad of agricultural appliances, when their volume decreased by X% to X units. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, agricultural appliance imports declined modestly to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Australia represented the largest importing country with an import of about X units, which accounted for X% of total imports. India (X units) took the second position in the ranking, distantly followed by New Zealand (X units), Malaysia (X units), Thailand (X units) and South Korea (X units). All these countries together held near X% share of total imports. The following importers - Japan (X units) and China (X units) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and New Zealand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep slump. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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