Southern Asia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Southern Asia

In 2021, after two years of growth, there was significant decline in the South Asian market for parts of harvester and threshers, when its value decreased by -5.1% to $X. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Production of Parts Of Harvester And Threshers in Southern Asia

In value terms, parts of harvester and threshers production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Parts Of Harvester And Threshers

Exports in Southern Asia

In 2021, the amount of parts of harvester and threshers exported in Southern Asia soared to X units, rising by 117% compared with 2020. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

In 2021, India (X units) was the key exporter of parts of harvester and threshers in Southern Asia, achieving 99% of total export.

India was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +18.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest parts of harvester and threshers supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +17.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, with a decrease of -14.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.4% per year.

Imports of Parts Of Harvester And Threshers

Imports in Southern Asia

For the fifth consecutive year, Southern Asia recorded growth in purchases abroad of parts of harvester and threshers, which increased by 10% to X units in 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 81%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, parts of harvester and threshers imports rose remarkably to $X in 2021. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

India was the largest importing country with an import of around X units, which recorded 65% of total imports. It was distantly followed by Sri Lanka (X units), generating a 30% share of total imports. Bangladesh (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 imports into India stood at +28.3%. At the same time, Bangladesh (+49.3%) and Sri Lanka (+34.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +49.3% from 2012-2021. Sri Lanka (+8.5 p.p.) and Bangladesh (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -7.6% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported parts of harvester and threshers in Southern Asia, comprising 71% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 21% share of total imports.

In India, parts of harvester and threshers imports increased at an average annual rate of +11.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+29.8% per year) and Bangladesh (+35.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, approximately equating the previous year. Overall, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the import price increased by 2.4% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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