Threshing Machinery Market Overview in India
Market Overview
In 2019, after two years of growth, there was significant decline in the Indian threshing machinery market, when its value decreased by -
% to $. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.
In value terms, threshing machinery production rose notably to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2014 to 2019, production growth remained at a lower figure.
% to $. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.In value terms, threshing machinery production rose notably to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2014 to 2019, production growth remained at a lower figure.Consumption
In 2019, consumption of threshing machinery except combine harvester-threshers decreased by % to tonnes, falling for the fifth year in a row after eight years of growth. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2011 when the consumption volume increased by % against the previous year. Threshing machinery consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
The revenue of the threshing machinery market in India fell to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
% to tonnes, falling for the fifth year in a row after eight years of growth. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2011 when the consumption volume increased by % against the previous year. Threshing machinery consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.The revenue of the threshing machinery market in India fell to $
in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for threshing machinery in India, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of threshing machinery in India were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for threshing machinery.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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