Austria: Threshing Machinery Market 2024

Threshing Machinery Market Size in Austria

The Austrian threshing machinery market dropped to $X in 2022, with a decrease of -5% against the previous year. Over the period under review, consumption showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Austria

In value terms, threshing machinery production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21% 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.

Threshing Machinery Exports

Exports from Austria

In 2022, shipments abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 90% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, threshing machinery exports expanded to $X in 2022. Overall, exports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 59%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for threshing machinery exports from Austria, with a 37% share of total exports. Moreover, threshing machinery exports to Russia exceeded the volume sent to the second major destination, the United States (X units), threefold. Uganda (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.3% per year) and Uganda (+123.6% per year).

In value terms, Russia ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from Austria, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Poland, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.5% per year) and Poland (+10.0% per year).

Export Prices by Country

The average threshing machinery export price stood at $X per unit in 2022, falling by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Uganda ($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 Bulgaria (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Austria

In 2022, imports of threshing machinery except combine harvester-threshers into Austria contracted dramatically to X units, dropping by -66.7% on the previous year's figure. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 600% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports declined sharply to $X in 2022. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 484%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), France (X units) and Slovenia (X units) were the main suppliers of threshing machinery imports to Austria, together comprising 79% of total imports. Moreover, threshing machinery imports in Italy exceeded the figures recorded by the second-largest supplier, France, twofold.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, France ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest threshing machinery suppliers to Austria, together comprising 80% of total imports.

Among the main suppliers, Italy, with a CAGR of +0.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, picking up by 85% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threshing machinery import price increased by +106.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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