Australia and Oceania: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Australia and Oceania

The straw for fodder balers market in Australia and Oceania soared to $X in 2021, with an increase of 16% against the previous year. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Straw Or Fodder Balers, Including Pickup Balers in Australia and Oceania

In value terms, straw for fodder balers production reduced slightly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Australia and Oceania

In 2021, overseas shipments of straw or fodder balers, including pickup balers decreased by -20.3% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 117% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, straw for fodder balers exports fell markedly to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 491% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand was the largest exporter of straw or fodder balers, including pickup balers in Australia and Oceania, with the volume of exports reaching X units, which was near 84% of total exports in 2021. It was distantly followed by Australia (X units), achieving a 16% share of total exports.

New Zealand was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of +34.6% from 2012 to 2021. Australia (-5.9%) illustrated a downward trend over the same period. New Zealand (+67 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -66.7% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest straw for fodder balers supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports.

In New Zealand, straw for fodder balers exports increased at an average annual rate of +31.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, increasing by 2.1% against the previous year. Overall, the export price saw a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 458%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

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 (+39.7%).

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in purchases abroad of straw or fodder balers, including pickup balers, which increased by 11% to X units in 2021. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 85%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, straw for fodder balers imports rose remarkably to $X in 2021. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Australia represented the key importing country with an import of about X units, which accounted for 80% of total imports. It was distantly followed by New Zealand (X units), achieving a 20% share of total imports.

Australia was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of +24.0% from 2012 to 2021. At the same time, New Zealand (+6.2%) displayed positive paces of growth. While the share of Australia (+31 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-29.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total imports.

In Australia, straw for fodder balers imports increased at an average annual rate of +23.9% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, rising by 2.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a 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 Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.1%).

Source: IndexBox Platform

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