Asia-Pacific: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Asia-Pacific

The Asia-Pacific agricultural harvester market expanded to $X in 2023, with an increase of 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 observed 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-Pacific

In value terms, agricultural harvester production expanded slightly 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 consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Agricultural Harvester Exports

Exports in Asia-Pacific

In 2023, the amount of agricultural harvesters exported in Asia-Pacific surged to X units, jumping by X% on 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester exports expanded markedly to $X in 2023. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by India (X units) and Thailand (X units), together making up a X% 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. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 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 remained at a 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 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 India (X%), while the other leaders experienced a decline in the export price figures.

Agricultural Harvester Imports

Imports in Asia-Pacific

In 2023, imports of agricultural harvesters in Asia-Pacific surged to X units, jumping by X% compared with the previous year. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure 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. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

India (X units) and Australia (X units) represented roughly X% of total imports in 2023. Thailand (X units) ranks next in terms of the total imports with a X% share, followed by Bangladesh (X%), Cambodia (X%), the Philippines (X%), Myanmar (X%) and China (X%). Nepal (X units), Pakistan (X units), Indonesia (X units), South Korea (X units) and New Zealand (X units) followed a long way behind the leaders.

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

In value terms, the largest agricultural harvester importing markets in Asia-Pacific were Australia ($X), China ($X) and Cambodia ($X), together accounting for X% of total imports. South Korea, India, Indonesia, Bangladesh, Thailand, the Philippines, New Zealand, Myanmar, Nepal and Pakistan lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

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 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