Asia-Pacific: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Asia-Pacific

In 2022, the Asia-Pacific agricultural forestry machinery market decreased by X% to $X, falling for the fourth year in a row after seven years of growth. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in Asia-Pacific

In value terms, agricultural forestry machinery production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Agricultural Forestry Machinery Exports

Exports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in overseas shipments of agricultural forestry machinery (lawn or sportsground rollers), which increased by X% to X units in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, agricultural forestry machinery exports fell to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), committing a X% share of total exports. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Japan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price decreased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Agricultural Forestry Machinery Imports

Imports in Asia-Pacific

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) imported in Asia-Pacific dropped to X units, waning by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, agricultural forestry machinery imports rose slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia represented the largest importer of agricultural forestry machinery (lawn or sportsground rollers) in Asia-Pacific, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by India (X units), Japan (X units), New Zealand (X units), Bangladesh (X units), Singapore (X units) and South Korea (X units), together achieving a X% share of total imports. The following importers - Malaysia (X units), Indonesia (X units), Nepal (X units) and Afghanistan (X units) - together made up X% of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Nepal (X%), South Korea (X%), Japan (X%), New Zealand (X%), Indonesia (X%) and India (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (X%) and Bangladesh (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.), Japan (X p.p.), South Korea (X p.p.), India (X p.p.), Nepal (X p.p.), Afghanistan (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported agricultural forestry machinery (lawn or sportsground rollers) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Australia, agricultural forestry machinery imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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