India: Threshing Machinery Market 2024

Threshing Machinery Market Size in India

The Indian threshing machinery market reached $X in 2023, with an increase of X% against the previous year. In general, consumption posted a prominent increase. Threshing machinery consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Threshing Machinery Production in India

In value terms, threshing machinery production expanded to $X in 2023 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 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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Threshing Machinery Exports

Exports from India

In 2023, exports of threshing machinery except combine harvester-threshers from India rose notably to X units, increasing by X% compared with the previous year's figure. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, threshing machinery exports expanded markedly to $X in 2023. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Nepal (X units) was the main destination for threshing machinery exports from India, accounting for a X% share of total exports. Moreover, threshing machinery exports to Nepal exceeded the volume sent to the second major destination, Sudan (X units), sixfold. The third position in this ranking was taken by Ghana (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Nepal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Ghana (X% per year).

In value terms, Nepal ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from India, comprising X% of total exports. The second position in the ranking was held by Sudan ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Nepal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the average threshing machinery export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; afterwards, it flattened through to 2023.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Nepal ($X per unit) and Tanzania ($X per unit), while the average price for exports to Namibia ($X per unit) and Ghana ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into India

For the third consecutive year, India recorded growth in purchases abroad of threshing machinery except combine harvester-threshers, which increased by X% to X units in 2023. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, threshing machinery imports skyrocketed to $X in 2023. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, China (X units) constituted the largest threshing machinery supplier to India, accounting for a X% share of total imports. Moreover, threshing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to India, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Austria (X% per year).

Import Prices by Country

In 2023, the average threshing machinery import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform