South-Eastern Asia: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in South-Eastern Asia

The Southeast Asian market for forage harvesters and other harvesting machines was estimated at $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in South-Eastern Asia

In value terms, production of forage harvesters and other harvesting machines rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in South-Eastern Asia

In 2023, exports of forage harvesters and other harvesting machines in South-Eastern Asia contracted rapidly to X units, with a decrease of X% on the year before. Overall, exports saw a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2023. Over the period under review, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore represented the main exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Thailand (X units), Vietnam (X units) and Malaysia (X units), together committing a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest forage harvesters and other harvesting machines supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, exports of forage harvesters and other harvesting machines shrank by 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: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices stood 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 Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Imports of Forage Harvesters and Other Harvesting Machines

Imports in South-Eastern Asia

In 2023, imports of forage harvesters and other harvesting machines in South-Eastern Asia soared to X units, with an increase of X% compared with 2022 figures. Overall, imports showed a slight increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2023. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Thailand (X units) was the main importer of forage harvesters and other harvesting machines, constituting X% of total imports. It was distantly followed by Indonesia (X units), Myanmar (X units) and Vietnam (X units), together mixing up a X% share of total imports. The following importers - the Philippines (X units) and Cambodia (X units) - each finished at a X% share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%), Vietnam (X%), Cambodia (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, Indonesia and Vietnam increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

In Thailand, imports of forage harvesters and other harvesting machines expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for forage harvesters and other harvesting machines increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform