Argentina: Market for Forage Harvesters and Other Harvesting Machines 2025

Market Size for Forage Harvesters and Other Harvesting Machines in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian market for forage harvesters and other harvesting machines, when its value increased by 32% to $X. Overall, consumption, however, saw a slight curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Argentina

In value terms, production of forage harvesters and other harvesting machines soared to $X in 2021 estimated in export price. In general, production saw noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 112%. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Argentina

In 2021, shipments abroad of forage harvesters and other harvesting machines increased by 41% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 65% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines soared to $X in 2021. Over the period under review, exports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 65%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Russia (X units) and Ukraine (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Argentina, together comprising 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +63.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for forage harvesters and other harvesting machines exported from Argentina were Germany ($X), Russia ($X) and Venezuela ($X), together accounting for 62% of total exports.

Among the main countries of destination, Russia, with a CAGR of +65.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, falling by -5.1% against the previous year. Over the period under review, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.9% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Argentina

In 2021, supplies from abroad of forage harvesters and other harvesting machines increased by 5.4% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 92%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Brazil (X units), Germany (X units) and the United States (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Argentina, with a combined 79% share of total imports. Italy, France, Belarus and Belgium lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Brazil ($X) were the largest forage harvesters and other harvesting machines suppliers to Argentina, with a combined 77% share of total imports. Italy, France, Belgium and Belarus lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Italy, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, jumping by 30% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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