South-Eastern Asia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in South-Eastern Asia

The Southeast Asian agricultural product dryer market surged to $X in 2023, rising by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Agricultural Product Dryer Production in South-Eastern Asia

In value terms, agricultural product dryer production reduced to $X in 2023 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Agricultural Product Dryer Exports

Exports in South-Eastern Asia

In 2023, approx. X units of dryers for the treatment of agricultural products were exported in South-Eastern Asia; dropping by X% on 2022. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, agricultural product dryer exports dropped dramatically to $X in 2023. Over the period under review, exports saw a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X units) and Vietnam (X units) represented roughly X% of total exports in 2023. The Philippines (X units) held the next position in the ranking, followed by Singapore (X units) and Brunei Darussalam (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) emerged as the largest agricultural product dryer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Agricultural Product Dryer Imports

Imports in South-Eastern Asia

In 2023, overseas purchases of dryers for the treatment of agricultural products increased by X% to X units for the first time since 2018, thus ending a four-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, agricultural product dryer imports surged to $X in 2023. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

The Philippines represented the largest importing country with an import of around X units, which resulted at X% of total imports. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%) and Cambodia (X%). Brunei Darussalam (X units) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2023. At the same time, Brunei Darussalam (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines, Vietnam, Brunei Darussalam and Cambodia increased by X, X, X and X percentage points, respectively.

In value terms, the largest agricultural product dryer importing markets in South-Eastern Asia were Indonesia ($X), the Philippines ($X) and Vietnam ($X), together comprising X% of total imports.

The Philippines, with a CAGR of X%, 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

In 2023, the import price in South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform