India: Disc Harrow Market 2024

Disc Harrow Market Size in India

The Indian disc harrow market reduced modestly to $X in 2022, almost unchanged from the previous year. Overall, consumption continues to indicate a noticeable decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Disc Harrow Production in India

In value terms, disc harrow production reached $X in 2022 estimated in export price. Overall, production recorded a pronounced contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Disc Harrow Exports

Exports from India

In 2022, the amount of disc harrows exported from India reduced remarkably to X units, shrinking by X% compared with the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped significantly in the following year.

In value terms, disc harrow exports declined sharply to $X in 2022. Overall, total exports indicated a mild increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Ethiopia (X units) was the main destination for disc harrow exports from India, with a X% share of total exports. Moreover, disc harrow exports to Ethiopia exceeded the volume sent to the second major destination, Mozambique (X units), fivefold. Mali (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ethiopia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Mali (X% per year).

In value terms, Ethiopia ($X) remains the key foreign market for disc harrows exports from India, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ethiopia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Mali (X% per year).

Export Prices by Country

The average disc harrow export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Tanzania ($X per unit), while the average price for exports to Nepal ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Disc Harrow Imports

Imports into India

In 2022, supplies from abroad of disc harrows was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, disc harrow imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X units), Canada (X units) and Germany (X units) were the main suppliers of disc harrow imports to India.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Canada ($X) constituted the largest supplier of disc harrows to India, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average disc harrow import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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