Eastern Europe: Threshing Machinery Market 2024

Threshing Machinery Market Size in Eastern Europe

The East European threshing machinery market rose sharply to $X in 2022, with an increase of 14% against the previous year. In general, consumption, however, recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in Eastern Europe

In value terms, threshing machinery production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Threshing Machinery Exports

Exports in Eastern Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of threshing machinery except combine harvester-threshers, when their volume decreased by -70.9% to X units. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by 60%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports contracted remarkably to $X in 2022. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 64% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus was the largest exporting country with an export of around X units, which finished at 67% of total exports. It was distantly followed by Russia (X units) and Poland (X units), together committing a 25% share of total exports. Ukraine (X units) followed a long way behind the leaders.

Exports from Belarus decreased at an average annual rate of -18.8% from 2012 to 2022. At the same time, Russia (+48.9%), Poland (+7.9%) and Ukraine (+6.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +48.9% from 2012-2022. From 2012 to 2022, the share of Russia, Poland and Ukraine increased by +16, +7.6 and +3.6 percentage points, respectively.

In value terms, Belarus ($X) remains the largest threshing machinery supplier in Eastern Europe, comprising 68% of total exports. The second position in the ranking was taken by Poland ($X), with a 10% share of total exports. It was followed by Russia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Belarus stood at -19.5%. In the other countries, the average annual rates were as follows: Poland (+15.1% per year) and Russia (+38.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, picking up by 3.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced a decline in the export price figures.

Threshing Machinery Imports

Imports in Eastern Europe

Threshing machinery imports shrank to X units in 2022, with a decrease of -9.1% against the year before. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 180%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, threshing machinery imports reduced to $X in 2022. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 111% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of threshing machinery imports in 2022 were Romania (X units), Ukraine (X units), Bulgaria (X units), Russia (X units) and Poland (X units), together resulting at 90% of total import. The following importers - Lithuania (X units) and Moldova (X units) - each finished at a 4.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of +37.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Eastern Europe, comprising 57% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by Ukraine, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -8.0%. In the other countries, the average annual rates were as follows: Romania (+10.7% per year) and Ukraine (-5.0% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, shrinking by -4.6% against the previous year. In general, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 229% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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