Asia-Pacific: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Asia-Pacific

The Asia-Pacific agricultural product dryer market totaled $X in 2023, increasing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Agricultural Product Dryer Production in Asia-Pacific

In value terms, agricultural product dryer production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Agricultural Product Dryer Exports

Exports in Asia-Pacific

Agricultural product dryer exports skyrocketed to X units in 2023, surging by X% compared with the previous year's figure. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, agricultural product dryer exports skyrocketed to $X in 2023. In general, exports, however, saw a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

India (X units) and Taiwan (Chinese) (X units) were the main exporters of dryers for the treatment of agricultural products in 2023, amounting to near X% and X% of total exports, respectively. Pakistan (X units) ranks next in terms of the total exports with an X% share, followed by South Korea (X%). Sri Lanka (X units) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the largest agricultural product dryer supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, surging by X% against the previous year. In general, the export price, however, showed a mild setback. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat 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 South Korea ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Agricultural Product Dryer Imports

Imports in Asia-Pacific

In 2023, approx. X units of dryers for the treatment of agricultural products were imported in Asia-Pacific; picking up by X% against 2022 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, agricultural product dryer imports surged to $X in 2023. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

The Philippines was the main importer of dryers for the treatment of agricultural products in Asia-Pacific, with the volume of imports finishing at 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 Nepal (X%), Indonesia (X%) and Bangladesh (X%). Cambodia (X units) and India (X units) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2023. At the same time, Nepal (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Bangladesh experienced a relatively flat trend pattern. By contrast, India (X%) and Indonesia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Vietnam (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while India and Indonesia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural product dryer importing markets in Asia-Pacific were Indonesia ($X), the Philippines ($X) and Vietnam ($X), together accounting for X% of total imports. Cambodia, India, Bangladesh and Nepal lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Nepal, 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 more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform