South-Eastern Asia: Agricultural Appliance Market 2023

Agricultural Appliance Market Size in South-Eastern Asia

The Southeast Asian agricultural appliance market expanded rapidly to $X in 2021, surging by 11% against the previous year. Overall, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Agricultural Appliance Production in South-Eastern Asia

In value terms, agricultural appliance production declined to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 488% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Agricultural Appliance Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of agricultural appliances was finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural appliance exports soared to $X in 2021. In general, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) and Thailand (X units) represented roughly 64% of total exports in 2021. Malaysia (X units) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (9.3%) and Singapore (7.4%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of -2.4%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest agricultural appliance supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 89% share of total exports.

Singapore, with a CAGR of -9.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of -6.7% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural appliance export price decreased by -15.6% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 84%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.5%), while the other leaders experienced a decline in the export price figures.

Agricultural Appliance Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of agricultural appliances were finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural appliance imports rose modestly to $X in 2021. In general, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 11%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X units), Indonesia (X units) and Vietnam (X units) represented roughly 77% of total imports in 2021. Malaysia (X units) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (7.2%) and Singapore (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +1.0%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 64% share of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of -9.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, with a decrease of -10.4% against the previous year. Overall, the import price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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