Australia and Oceania: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Australia and Oceania

The market for forage harvesters and other harvesting machines in Australia and Oceania shrank to $X in 2021, dropping by -12% against the previous year. Over the period under review, consumption recorded a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Australia and Oceania

In value terms, production of forage harvesters and other harvesting machines expanded rapidly to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 12,012% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Australia and Oceania

In 2021, approx. X units of forage harvesters and other harvesting machines were exported in Australia and Oceania; with a decrease of -5% compared with 2020 figures. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2017 when exports increased by 64% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines reduced to $X in 2021. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 118% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, New Zealand (X units), distantly followed by Australia (X units) represented the largest exporters of forage harvesters and other harvesting machines, together constituting 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +21.9%).

In value terms, the largest forage harvesters and other harvesting machines supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

New Zealand, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for forage harvesters and other harvesting machines decreased by -5.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 47% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.5%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Australia and Oceania

In 2021, overseas purchases of forage harvesters and other harvesting machines decreased by -11.4% to X units, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines dropped to $X in 2021. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 73% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the major importer of forage harvesters and other harvesting machines in Australia and Oceania, with the volume of imports amounting to X units, which was approx. 69% of total imports in 2021. It was distantly followed by New Zealand (X units), generating a 28% share of total imports. Fiji (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to forage harvesters and other harvesting machines imports into Australia stood at -11.4%. At the same time, Fiji (+14.3%) and New Zealand (+1.9%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +14.3% from 2012-2021. While the share of New Zealand (+17 p.p.) and Fiji (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-20.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 28% share of total imports.

In Australia, imports of forage harvesters and other harvesting machines decreased by an average annual rate of -11.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+1.1% per year) and Fiji (+24.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 36%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+8.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :