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

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

The Asia-Pacific straw for fodder balers market totaled $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

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

In value terms, straw for fodder balers production amounted to $X in 2023 estimated in export price. The total output 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 appeared the most rapid in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Asia-Pacific

In 2023, exports of straw or fodder balers, including pickup balers in Asia-Pacific rose sharply to X units, with an increase of X% compared with the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, straw for fodder balers exports expanded sharply to $X in 2023. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in years to come.

Exports by Country

China was the major exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Japan (X units), generating a X% share of total exports. Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (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-Pacific

Straw for fodder balers imports stood at X units in 2023, rising by X% compared with the previous year. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, straw for fodder balers imports dropped to $X in 2023. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded 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 somewhat lower figure.

Imports by Country

Thailand was the largest importing country with an import of about X units, which finished at X% of total imports. Australia (X units) took the second position in the ranking, distantly followed by South Korea (X units), Japan (X units), India (X units), China (X units) and New Zealand (X units). All these countries together held approx. X% share of total imports.

Thailand was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%), Australia (X%) and Japan (X%) displayed positive paces of growth. New Zealand experienced a relatively flat trend pattern. By contrast, South Korea (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, Australia and India increased by X, X and X percentage points, respectively.

In value terms, the largest straw for fodder balers importing markets in Asia-Pacific were China ($X), Australia ($X) and Thailand ($X), with a combined X% share of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform