Austria: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Austria

In 2021, the Austrian market for forage harvesters and other harvesting machines increased by 1,165% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Forage Harvesters and Other Harvesting Machines in Austria

In value terms, production of forage harvesters and other harvesting machines soared to $X in 2021 estimated in export price. In general, production recorded a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Austria

In 2021, overseas shipments of forage harvesters and other harvesting machines decreased by -12.4% to X units, falling for the second consecutive year after four years of growth. Overall, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 62% against the previous year. Over the period under review, the exports of hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines declined modestly to $X in 2021. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 123% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), China (X units) and New Zealand (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Austria, together comprising 41% of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) appeared to be the largest markets for forage harvesters and other harvesting machines exported from Austria worldwide, together accounting for 46% of total exports. These countries were followed by Algeria, New Zealand, Switzerland, Belgium, Italy, Romania, Bulgaria, Slovenia, Hungary and Croatia, which together accounted for a further 43%.

Algeria, with a CAGR of +68.9%, recorded 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 export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2014 an increase of 44%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Croatia ($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 Algeria (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Austria

In 2021, approx. X units of forage harvesters and other harvesting machines were imported into Austria; reducing by -3.5% compared with the previous year's figure. In general, imports showed a slight contraction. The pace of growth was the most pronounced in 2016 when imports increased by 101% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 45%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of forage harvesters and other harvesting machines to Austria, with a 66% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, France (X units), ninefold. The third position in this ranking was held by Slovakia (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.9% per year) and Slovakia (+25.6% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Austria, comprising 73% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Italy, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.0% per year) and Italy (-17.1% per year).

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, picking up by 24% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for forage harvesters and other harvesting machines increased by +32.0% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 99% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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