Czech Republic: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in the Czech Republic

The Czech hay-making machinery market dropped markedly to $X in 2021, falling by -15.7% against the previous year. In general, consumption recorded a perceptible decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Hay-Making Machinery Production in the Czech Republic

In value terms, hay-making machinery production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 365% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Hay-Making Machinery Exports

Exports from the Czech Republic

After three years of decline, shipments abroad of hay-making machinery increased by 22% to X units in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hay-making machinery exports surged to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for hay-making machinery exports from the Czech Republic, with a 55% share of total exports. Moreover, hay-making machinery exports to Germany exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was held by France (X units), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.8% per year) and France (-9.4% per year).

In value terms, Germany ($X) remains the key foreign market for hay-making machinery exports from the Czech Republic, comprising 54% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+8.0% per year) and France (-8.7% per year).

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, surging by 6.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.8%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into the Czech Republic

After two years of decline, supplies from abroad of hay-making machinery increased by 21% to X units in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 62%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hay-making machinery imports surged to $X in 2021. Overall, imports saw a perceptible increase. The growth pace was the most rapid in 2018 with an increase of 62%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Austria (X units), Germany (X units) and Slovenia (X units) were the main suppliers of hay-making machinery imports to the Czech Republic, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +85.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and France ($X) were the largest hay-making machinery suppliers to the Czech Republic, with a combined 73% share of total imports. These countries were followed by Italy, Slovenia, Poland and the Netherlands, which together accounted for a further 24%.

In terms of the main suppliers, Slovenia, with a CAGR of +86.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hay-making machinery import price stood at $X per unit in 2021, declining by -3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16%. As a result, import price reached the peak level of $X per unit, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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