Eastern Asia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Eastern Asia

In 2021, the East Asian market for parts of harvester and threshers decreased by -12.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Parts Of Harvester And Threshers in Eastern Asia

In value terms, parts of harvester and threshers production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports in Eastern Asia

In 2021, shipments abroad of parts of harvester and threshers increased by 35% to X units, rising for the fifth consecutive year after two years of decline. In general, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Overall, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 94% of total exports in 2021. Japan (X units) and Taiwan (Chinese) (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +12.2% from 2012 to 2021. Taiwan (Chinese) (-1.1%) and Japan (-1.2%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-3.6 p.p.) and Japan (-4.5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest parts of harvester and threshers supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Japan ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +13.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.2% per year) and Taiwan (Chinese) (+0.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, growing by 5.9% against the previous year. In general, the export price, however, showed a mild shrinkage. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in Eastern Asia

In 2021, approx. X units of parts of harvester and threshers were imported in Eastern Asia; growing by 14% compared with 2020. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) and China (X units) were the key importers of parts of harvester and threshers in Eastern Asia, together creating 68% of total imports. Hong Kong SAR (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (12%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 91% of total imports.

South Korea, with a CAGR of +5.7%, 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

The import price in Eastern Asia stood at $X per unit in 2021, increasing by 1.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 17%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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