South-Eastern Asia: Threshing Machinery Market 2024

Threshing Machinery Market Size in South-Eastern Asia

The Southeast Asian threshing machinery market totaled $X in 2023, growing by X% against the previous year. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Threshing Machinery Production in South-Eastern Asia

In value terms, threshing machinery production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. In general, exports recorded a pronounced expansion. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports skyrocketed to $X in 2023. Overall, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by Indonesia (X units), Malaysia (X units) and Vietnam (X units), together constituting a X% share of total exports.

Thailand was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest threshing machinery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand was relatively modest. 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, remaining stable against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a 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 Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Threshing Machinery Imports

Imports in South-Eastern Asia

In 2023, purchases abroad of threshing machinery except combine harvester-threshers increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, threshing machinery imports reduced to $X in 2023. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Lao People's Democratic Republic represented the main importer of threshing machinery except combine harvester-threshers in South-Eastern Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Indonesia (X units) took the second position in the ranking, followed by Vietnam (X units), Thailand (X units) and Cambodia (X units). All these countries together held approx. X% share of total imports. The Philippines (X units) and Myanmar (X units) followed a long way behind the leaders.

Lao People's Democratic Republic was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers imports, with a CAGR of X% from 2012 to 2023. At the same time, Myanmar (X%), Indonesia (X%), the Philippines (X%) and Cambodia (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.), Indonesia (X p.p.), Cambodia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lao People's Democratic Republic ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Thailand, the Philippines, Cambodia and Myanmar lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 South-Eastern Asia amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 the Philippines ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform