Southern Asia: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Southern Asia

The South Asian market for forage harvesters and other harvesting machines amounted to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Southern Asia

In value terms, production of forage harvesters and other harvesting machines expanded notably to $X in 2023 estimated in export price. In general, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Southern Asia

In 2023, shipments abroad of forage harvesters and other harvesting machines decreased by X% to X units, falling for the fourth year in a row after four years of growth. In general, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines surged to $X in 2023. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

India dominates machines structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Pakistan (X units), making up an X% share of total exports.

India was also the fastest-growing in terms of the forage harvesters and other harvesting machines exports, with a CAGR of X% from 2012 to 2023. Pakistan experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest forage harvesters and other harvesting machines supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Southern Asia

In 2023, purchases abroad of forage harvesters and other harvesting machines decreased by X% to X units, falling for the fourth consecutive year after four years of growth. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines dropped to $X in 2023. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

India dominates machines structure, amounting to X units, which was near X% of total imports in 2023. It was distantly followed by Pakistan (X units), Bangladesh (X units) and Sri Lanka (X units), together comprising a X% share of total imports. Nepal (X units) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%), Pakistan (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Pakistan (X p.p.), Bangladesh (X p.p.), Nepal (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform