Eastern Asia: Combine Harvester Market 2024

Combine Harvester Market Size in Eastern Asia

The East Asian combine harvester market expanded notably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in the near future.

Combine Harvester Production in Eastern Asia

In value terms, combine harvester production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Combine Harvester Exports

Exports in Eastern Asia

In 2023, approx. X units of combine harvester-threshers were exported in Eastern Asia; increasing by X% on the previous year. Over the period under review, exports recorded a moderate increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, combine harvester exports reached $X in 2023. Total exports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Japan (X units), mixing up an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to combine harvester exports from China stood at X%. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Japan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest combine harvester supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

In China, combine harvester exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, stabilizing at the previous year. Overall, the export price saw slight growth. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Combine Harvester Imports

Imports in Eastern Asia

In 2023, the amount of combine harvester-threshers imported in Eastern Asia soared to X units, jumping by X% compared with 2022 figures. In general, imports, however, showed a perceptible descent. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, combine harvester imports skyrocketed to $X in 2023. Overall, imports continue to indicate a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units) and South Korea (X units) dominates imports structure, together mixing up X% of total imports. Japan (X units) took the next position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest combine harvester importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports.

Among the main importing countries, South Korea, 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

In 2023, the import price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, combine harvester import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per unit) and China ($X per unit), while South Korea ($X per unit) and Taiwan (Chinese) ($X per unit) were 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