Eastern Asia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Eastern Asia

For the fifth consecutive year, the East Asian agricultural product dryer market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated measured growth from 2012 to 2023: its value 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the peak level in 2023 and is likely to see steady growth in the near future.

Agricultural Product Dryer Production in Eastern Asia

In value terms, agricultural product dryer production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Agricultural Product Dryer Exports

Exports in Eastern Asia

In 2023, shipments abroad of dryers for the treatment of agricultural products decreased by X% to X units, falling for the second consecutive year after five years of growth. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, agricultural product dryer exports surged to $X in 2023. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) was the largest exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by South Korea (X units), making up an X% share of total exports. Japan (X units) followed a long way behind the leaders.

Taiwan (Chinese) was also the fastest-growing in terms of the dryers for the treatment of agricultural products exports, with a CAGR of X% from 2012 to 2023. South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Taiwan (Chinese) ($X) remains the largest agricultural product dryer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In Taiwan (Chinese), agricultural product dryer exports increased at 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: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw measured growth. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

Agricultural Product Dryer Imports

Imports in Eastern Asia

Agricultural product dryer imports rose rapidly to X units in 2023, surging by X% against 2022. Over the period under review, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, agricultural product dryer imports declined rapidly to $X in 2023. Overall, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) was the largest importer of dryers for the treatment of agricultural products in Eastern Asia, with the volume of imports resulting at X units, which was near X% of total imports in 2023. It was distantly followed by South Korea (X units) and Japan (X units), together making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported dryers for the treatment of agricultural products in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

In Taiwan (Chinese), agricultural product dryer imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform