Asia-Pacific: Threshing Machinery Market 2024

Threshing Machinery Market Size in Asia-Pacific

The Asia-Pacific threshing machinery market reached $X in 2023, remaining constant against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Asia-Pacific

In value terms, threshing machinery production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Threshing Machinery Exports

Exports in Asia-Pacific

For the eighth consecutive year, Asia-Pacific recorded growth in shipments abroad of threshing machinery except combine harvester-threshers, which increased by X% to X units in 2023. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, threshing machinery exports soared to $X in 2023. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by India (X units), constituting a X% share of total exports. Thailand (X units) held a little share of total exports.

China was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) and Thailand (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest threshing machinery supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In China, threshing machinery exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices remained 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 India ($X per unit), while China ($X per unit) was amongst the lowest.

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

Threshing Machinery Imports

Imports in Asia-Pacific

In 2023, imports of threshing machinery except combine harvester-threshers in Asia-Pacific rose notably to X units, with an increase of X% compared with the previous year's figure. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, threshing machinery imports soared to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Nepal (X units) represented the largest importer of threshing machinery except combine harvester-threshers, mixing up X% of total imports. Lao People's Democratic Republic (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), India (X%), China (X%), Australia (X%) and Democratic People's Republic of Korea (X%). The following importers - Vietnam (X units), Afghanistan (X units), Bangladesh (X units), Cambodia (X units) and South Korea (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to threshing machinery imports into Nepal stood at X%. At the same time, India (X%), Lao People's Democratic Republic (X%), Bangladesh (X%), Indonesia (X%), Australia (X%), South Korea (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. China experienced a relatively flat trend pattern. By contrast, Afghanistan (X%), Vietnam (X%) and Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.), Nepal (X p.p.), India (X p.p.), Indonesia (X p.p.), Australia (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while China, Afghanistan, Vietnam and Democratic People's Republic of Korea saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nepal amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, 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 Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform