Asia-Pacific: Combine Harvester Market 2024

Combine Harvester Market Size in Asia-Pacific

The Asia-Pacific combine harvester market soared to $X in 2023, growing by X% against the previous year. The total consumption indicated a prominent increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Combine Harvester Production in Asia-Pacific

In value terms, combine harvester production stood at $X in 2023 estimated in export price. The total production indicated a remarkable increase 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Combine Harvester Exports

Exports in Asia-Pacific

In 2023, shipments abroad of combine harvester-threshers decreased by X% to X units, falling for the second consecutive year after six years of growth. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, combine harvester exports rose modestly to $X in 2023. Over the period under review, exports, however, showed strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

China was the largest exporter of combine harvester-threshers in Asia-Pacific, with the volume of exports resulting at X units, which was near X% of total exports in 2023. Thailand (X units) held the second position in the ranking, followed by India (X units) and Pakistan (X units). All these countries together held approx. X% share of total exports. Japan (X units) held a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%), Thailand (X%) and India (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. While the share of Thailand (X p.p.), India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, the largest combine harvester supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Japan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Japan ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Combine Harvester Imports

Imports in Asia-Pacific

In 2023, combine harvester imports in Asia-Pacific soared to X units, jumping by X% on the previous year's figure. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, combine harvester imports surged to $X in 2023. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, India (X units), distantly followed by South Korea (X units), Bangladesh (X units), Myanmar (X units), the Philippines (X units), Cambodia (X units) and Australia (X units) were the major importers of combine harvester-threshers, together making 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, Australia ($X) constitutes the largest market for imported combine harvester-threshers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia stood at X%. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, approximately mirroring the previous year. Over the period under review, the import price showed a perceptible setback. The growth pace was the most rapid in 2022 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Australia ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform