Australia: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Australia

The Australian hay-making machinery market skyrocketed to $X in 2021, rising by 32% 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). Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Hay-Making Machinery Exports

Exports from Australia

In 2020, shipments abroad of hay-making machinery increased by 67% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,400% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, hay-making machinery exports surged to $X in 2020. In general, exports, however, saw a slight reduction. The growth pace was the most rapid in 2014 with an increase of 18,383% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for hay-making machinery exports from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the United States amounted to -17.4%.

In value terms, the United States ($X) remains the key foreign market for hay-making machinery exports from Australia, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.7% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-37.5% per year) and Japan (-79.1% per year).

Export Prices by Country

In 2020, the average hay-making machinery export price amounted to $X per unit, shrinking by -6.6% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 1,241%. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+29.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hay-Making Machinery Imports

Imports into Australia

In 2021, hay-making machinery imports into Australia skyrocketed to X units, rising by 40% against the previous year. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 127% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, hay-making machinery imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 103% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of hay-making machinery to Australia, with a 45% share of total imports. Moreover, hay-making machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+40.1% per year) and France (+25.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hay-making machinery to Australia, comprising 45% of total imports. The second position in the ranking was taken by Austria ($X), with a 21% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+31.2% per year) and France (+15.3% per year).

Import Prices by Country

The average hay-making machinery import price stood at $X per unit in 2021, falling by -8.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2020, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Denmark ($X per unit), while the price for South Korea ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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