Australia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Australia

In 2022, the Australian agricultural harvester market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Agricultural harvester consumption peaked in 2022 and is expected to retain growth in the near future.

Agricultural Harvester Production in Australia

In value terms, agricultural harvester production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Australia

After two years of growth, overseas shipments of agricultural harvesters decreased by X% to X units in 2022. Overall, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural harvester exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), China (X units) and Thailand (X units) were the main destinations of agricultural harvester exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest markets for agricultural harvester exported from Australia worldwide, together accounting for X% of total exports. Canada, New Caledonia, Guatemala, the United States, China, South Africa, Papua New Guinea, Solomon Islands, Djibouti and Lebanon lagged somewhat behind, together accounting for a further X%.

Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Australia

For the third consecutive year, Australia recorded growth in purchases abroad of agricultural harvesters, which increased by X% to X units in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports skyrocketed to $X in 2022. Over the period under review, imports saw a moderate increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of agricultural harvester to Australia, with a X% share of total imports. Moreover, agricultural harvester imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, the United States ($X), Germany ($X) and Belgium ($X) constituted the largest agricultural harvester suppliers to Australia, with a combined X% share of total imports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural harvester import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price 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, agricultural harvester import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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