Austria: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Austria

The Austrian harvesting machinery market surged to $X in 2021, rising by 25% against the previous year. In general, consumption enjoyed a strong expansion. Harvesting machinery consumption peaked in 2021 and is expected to retain growth in the near future.

Harvesting Machinery Production in Austria

In value terms, harvesting machinery production rose rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 162% against the previous year. Harvesting machinery production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Harvesting Machinery Exports

Exports from Austria

In 2021, overseas shipments of root or tuber harvesting machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 850% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, harvesting machinery exports dropped to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by 2,492% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for harvesting machinery exports from Austria, accounting for a 67% share of total exports. Moreover, harvesting machinery exports to Turkey exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was taken by Hungary (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-26.3% per year) and Hungary (+9.1% per year).

In value terms, the largest markets for harvesting machinery exported from Austria were Turkey ($X), Germany ($X) and Hungary ($X), together comprising 93% of total exports.

Among the main countries of destination, Turkey, with a CAGR of +64.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, shrinking by -38.7% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 176%. The export price peaked at $X per unit in 2020, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($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 Turkey (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Austria

In 2021, overseas purchases of root or tuber harvesting machines increased by 124% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports showed temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, harvesting machinery imports soared to $X in 2021. Over the period under review, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 178% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) was the main supplier of harvesting machinery to Austria, accounting for a 90% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold. Poland (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+9.9% per year) and Poland (+13.0% per year).

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Austria, comprising 88% of total imports. The second position in the ranking was taken by Denmark ($X), with an 8.8% share of total imports. It was followed by Belgium, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.9% per year) and Belgium (+30.3% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, shrinking by -20.3% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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