Eastern Asia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Eastern Asia

In 2022, the East Asian agricultural product dryer market was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption, however, continues to indicate a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Agricultural Product Dryer Production in Eastern Asia

In value terms, agricultural product dryer production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports in Eastern Asia

In 2022, agricultural product dryer exports in Eastern Asia dropped notably to X units, with a decrease of X% compared with 2021 figures. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then reduced markedly in the following year.

In value terms, agricultural product dryer exports dropped dramatically to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. China (X units) took the second position in the ranking, followed by South Korea (X units) and Japan (X units). All these countries together took near X% share of total exports. Hong Kong SAR (X units) took a little share of total exports.

Exports from Taiwan (Chinese) increased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and China (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Japan (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) and China (X p.p.) displayed negative dynamics.

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

In Taiwan (Chinese), agricultural product dryer exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price 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. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

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

Agricultural Product Dryer Imports

Imports in Eastern Asia

In 2022, agricultural product dryer imports in Eastern Asia reduced dramatically to X units, with a decrease of X% against the previous year's figure. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, agricultural product dryer imports fell significantly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan was the main importing country with an import of around X units, which reached X% of total imports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by Hong Kong SAR (X units) and South Korea (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to agricultural product dryer imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. Japan (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest agricultural product dryer importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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