South-Eastern Asia: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in South-Eastern Asia

The Southeast Asian agricultural and forestry tractor market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption faced a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Agricultural And Forestry Tractors in South-Eastern Asia

In value terms, agricultural and forestry tractor production dropped modestly to $X in 2022 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Agricultural And Forestry Tractors

Exports in South-Eastern Asia

In 2022, shipments abroad of agricultural and forestry tractors decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced in the following year.

In value terms, agricultural and forestry tractor exports dropped to $X in 2022. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Thailand represented the main exporter of agricultural and forestry tractors in South-Eastern Asia, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X units), comprising a X% share of total exports. Vietnam (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural and forestry tractor exports from Thailand stood at X%. At the same time, Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest agricultural and forestry tractor supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

In Thailand, agricultural and forestry tractor exports expanded 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: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep slump. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Agricultural And Forestry Tractors

Imports in South-Eastern Asia

In 2022, after four years of growth, there was significant decline in overseas purchases of agricultural and forestry tractors, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then shrank dramatically in the following year.

In value terms, agricultural and forestry tractor imports reached $X in 2022. In general, imports, however, showed mild growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the main importer of agricultural and forestry tractors in South-Eastern Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by the Philippines (X units), Cambodia (X units), Malaysia (X units), Indonesia (X units), Myanmar (X units) and Vietnam (X units), together generating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to agricultural and forestry tractor imports into Thailand stood at X%. At the same time, Myanmar (X%), Cambodia (X%), the Philippines (X%), Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. While the share of Myanmar (X p.p.), Cambodia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Cambodia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Cambodia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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