Asia-Pacific: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Asia-Pacific

In 2021, the Asia-Pacific market for parts of harvester and threshers decreased by -8.2% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Parts Of Harvester And Threshers in Asia-Pacific

In value terms, parts of harvester and threshers production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in Asia-Pacific

In 2021, exports of parts of harvester and threshers in Asia-Pacific surged to X units, with an increase of 36% on the previous year. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 86% of total exports in 2021. India (X units), Japan (X units), Taiwan (Chinese) (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to parts of harvester and threshers exports from China stood at +12.2%. At the same time, Singapore (+28.3%) and India (+18.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +28.3% from 2012-2021. By contrast, Taiwan (Chinese) (-1.1%) and Japan (-1.2%) illustrated a downward trend over the same period. While the share of China (+8.2 p.p.) and India (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-3.4 p.p.) and Japan (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest parts of harvester and threshers supplier in Asia-Pacific, comprising 75% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.7% share of total exports. It was followed by Taiwan (Chinese), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +13.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.2% per year) and Taiwan (Chinese) (+0.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by 5.6% against the previous year. In general, the export price, however, recorded a mild reduction. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in Asia-Pacific

In 2021, approx. X units of parts of harvester and threshers were imported in Asia-Pacific; increasing by 27% compared with 2020. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of parts of harvester and threshers, namely Australia, Thailand, Japan, China and India, represented more than half of total import. It was distantly followed by Indonesia (X units), Hong Kong SAR (X units), New Zealand (X units) and Myanmar (X units), together committing a 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +42.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported parts of harvester and threshers in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Japan, with an 11% share.

In Australia, parts of harvester and threshers imports increased at an average annual rate of +4.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-0.2% per year) and Japan (-1.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, rising by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, 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 China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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