Asia: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Asia

The Asian straw for fodder balers market reached $X in 2022, flattening at the previous year. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Straw Or Fodder Balers, Including Pickup Balers in Asia

In value terms, straw for fodder balers production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Asia

For the fifth consecutive year, Asia recorded growth in overseas shipments of straw or fodder balers, including pickup balers, which increased by X% to X units in 2022. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, straw for fodder balers exports reduced to $X in 2022. In general, exports posted a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, China (X units) was the largest exporter of straw or fodder balers, including pickup balers, constituting X% of total exports. Japan (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). The following exporters - South Korea (X units) and India (X units) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to straw for fodder balers exports from China stood at X%. At the same time, India (X%), Japan (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. India and South Korea lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Asia

In 2022, purchases abroad of straw or fodder balers, including pickup balers increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, straw for fodder balers imports reduced to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The countries with the highest levels of straw for fodder balers imports in 2022 were Thailand (X units), China (X units) and Kazakhstan (X units), together recording X% of total import. Japan (X units) took the next position in the ranking, followed by Turkey (X units) and South Korea (X units). All these countries together took near X% share of total imports. Azerbaijan (X units) held a minor share of total imports.

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

In value terms, China ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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