China: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in China

The Chinese straw for fodder balers market contracted to $X in 2021, waning by -7.3% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in China

In value terms, straw for fodder balers production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from China

Straw for fodder balers exports from China surged to X units in 2021, with an increase of 71% on 2020. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 when exports increased by 158%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, straw for fodder balers exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 125%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units), Vietnam (X units) and India (X units) were the main destinations of straw for fodder balers exports from China, together comprising 55% of total exports. Germany, Chile, Mexico, France, South Africa, Australia and Mongolia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +92.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for straw for fodder balers exported from China were Russia ($X), India ($X) and Vietnam ($X), together accounting for 37% of total exports. These countries were followed by Mexico, Chile, Australia, South Africa, France, Germany and Mongolia, which together accounted for a further 36%.

In terms of the main countries of destination, Chile, with a CAGR of +111.4%, recorded the highest growth rate of 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 straw for fodder balers export price stood at $X per unit in 2021, dropping by -18.6% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 9.5%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Vietnam ($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 Australia (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into China

In 2021, overseas purchases of straw or fodder balers, including pickup balers increased by 76% to X units, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest straw for fodder balers supplier to China, with a 14% share of total imports. Moreover, straw for fodder balers imports from the United States exceeded the figures recorded by the second-largest supplier, Hungary (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+70.2% per year) and Germany (-12.9% per year).

In value terms, the United States ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to China, comprising 58% of total imports. The second position in the ranking was taken by Norway ($X), with a 19% share of total imports. It was followed by France, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+27.6% per year) and France (+14.5% per year).

Import Prices by Country

The average straw for fodder balers import price stood at $X per unit in 2021, shrinking by -5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average import price increased by 26%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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