Czech Republic: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in the Czech Republic

The Czech market for forage harvesters and other harvesting machines skyrocketed to $X in 2021, rising by 86% 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, however, recorded a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from the Czech Republic

After three years of growth, shipments abroad of forage harvesters and other harvesting machines decreased by -38.1% to X units in 2021. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 157%. The exports peaked at X units in 2020, and then fell dramatically in the following year.

In value terms, exports of forage harvesters and other harvesting machines declined markedly to $X in 2021. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 212% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Sweden (X units), Poland (X units) and Slovakia (X units) were the main destinations of exports of forage harvesters and other harvesting machines from the Czech Republic, with a combined 90% share of total exports. These countries were followed by Austria and Belarus, which together accounted for a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Sweden ($X) and Poland ($X) constituted the largest markets for forage harvesters and other harvesting machines exported from the Czech Republic worldwide, together accounting for 86% of total exports. These countries were followed by Belarus, Austria and Ukraine, which together accounted for a further 11%.

Belarus, with a CAGR of +129.7%, 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, surging by 29% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for forage harvesters and other harvesting machines increased by +69.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 44%. As a result, the export price reached 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 Slovakia ($X per unit), while the average price for exports to Poland ($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 Belarus (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into the Czech Republic

In 2021, imports of forage harvesters and other harvesting machines into the Czech Republic soared to X units, growing by 17% compared with the previous year. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest forage harvesters and other harvesting machines supplier to the Czech Republic, with a 59% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. France (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and France (-1.8% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to the Czech Republic, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.7% share of total imports. It was followed by Italy, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+67.2% per year) and Italy (+6.2% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Poland ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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