South-Eastern Asia: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in South-Eastern Asia

The Southeast Asian hay-making machinery market was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hay-Making Machinery Production in South-Eastern Asia

In value terms, hay-making machinery production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Hay-Making Machinery Exports

Exports in South-Eastern Asia

In 2022, approx. X units of hay-making machinery were exported in South-Eastern Asia; waning by X% against the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hay-making machinery exports surged to $X in 2022. Overall, exports showed a deep slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Malaysia (X units), Singapore (X units) and Vietnam (X units), together amounting to X% of total export. It was distantly followed by Thailand (X units) and Indonesia (X units), together comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

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

From 2012 to 2022, 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 Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($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.

Hay-Making Machinery Imports

Imports in South-Eastern Asia

In 2022, approx. X units of hay-making machinery were imported in South-Eastern Asia; with an increase of X% on 2021 figures. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, hay-making machinery imports contracted slightly to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Indonesia (X units) and Thailand (X units) prevails in imports structure, together making up X% of total imports. The following importers - Lao People's Democratic Republic (X units) and Cambodia (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported hay-making machinery in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

In Thailand, hay-making machinery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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