Southern Asia: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Southern Asia

In 2022, the South Asian harvesting machinery market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Harvesting Machinery Production in Southern Asia

In value terms, harvesting machinery production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Harvesting Machinery Exports

Exports in Southern Asia

Harvesting machinery exports declined to X units in 2022, which is down by X% compared with the previous year's figure. Overall, exports, however, saw a modest increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, harvesting machinery exports contracted rapidly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India was the largest exporter of root or tuber harvesting machines in Southern Asia, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X units), creating a X% share of total exports.

India was also the fastest-growing in terms of the root or tuber harvesting machines exports, with a CAGR of X% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest harvesting machinery supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, falling by X% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Harvesting Machinery Imports

Imports in Southern Asia

In 2022, approx. X units of root or tuber harvesting machines were imported in Southern Asia; surging by X% on the previous year's figure. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, harvesting machinery imports dropped significantly to $X in 2022. In general, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sri Lanka (X units) represented the largest importer of root or tuber harvesting machines, comprising X% of total imports. It was distantly followed by Bangladesh (X units), Afghanistan (X units), India (X units), Nepal (X units) and Pakistan (X units), together comprising a X% share of total imports.

Imports into Sri Lanka increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%), Nepal (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of Sri Lanka (X p.p.), Bangladesh (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.), Nepal (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) constitutes the largest market for imported root or tuber harvesting machines in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Nepal, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Afghanistan stood at X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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