EU: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU agricultural forestry machinery market, when its value decreased by -16.5% to $X. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Agricultural Forestry Machinery Production in the EU

In value terms, agricultural forestry machinery production fell to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 31%. As a result, production attained the peak level of $X, and then reduced in the following year.

Agricultural Forestry Machinery Exports

Exports in the EU

In 2022, agricultural forestry machinery exports in the European Union rose modestly to X units, surging by 4.5% compared with the year before. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, agricultural forestry machinery exports reduced slightly to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Italy represented the major exporter of agricultural forestry machinery (lawn or sportsground rollers) in the European Union, with the volume of exports recording X units, which was approx. 27% of total exports in 2022. Poland (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Germany (12%), Denmark (10%) and the Netherlands (7.8%). France (X units), Hungary (X units), Spain (X units), Slovenia (X units), Belgium (X units), Finland (X units), Greece (X units) and Austria (X units) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Greece (+35.6%), Slovenia (+20.7%), Finland (+15.9%), Poland (+9.0%), Austria (+8.4%), Denmark (+4.7%), Germany (+4.7%), the Netherlands (+4.6%), Spain (+4.5%), Hungary (+3.0%) and Belgium (+1.2%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +35.6% from 2012-2022. By contrast, France (-1.0%) illustrated a downward trend over the same period. Poland (+4.5 p.p.), Greece (+2.7 p.p.), Slovenia (+2.5 p.p.) and Finland (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while France saw its share reduced by -2.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 59% of total exports. These countries were followed by Denmark, Poland, Belgium, Finland, Spain, France, Austria, Hungary, Slovenia and Greece, which together accounted for a further 35%.

Slovenia, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, dropping by -7.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.1%), while the other leaders experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports in the EU

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) imported in the European Union fell to X units, with a decrease of -7.4% on 2021. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, agricultural forestry machinery imports declined slightly to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. The level of import peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

France (X units) and Germany (X units) represented the major importers of agricultural forestry machinery (lawn or sportsground rollers) in 2022, resulting at approx. 16% and 15% of total imports, respectively. It was distantly followed by Poland (X units), Italy (X units), Austria (X units), Romania (X units) and Spain (X units), together achieving a 33% share of total imports. The following importers - Sweden (X units), the Czech Republic (X units), the Netherlands (X units), Portugal (X units), Denmark (X units) and Belgium (X units) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, with a combined 39% share of total imports. These countries were followed by Romania, Austria, Italy, Belgium, the Czech Republic, the Netherlands, Sweden, Spain, Denmark and Portugal, which together accounted for a further 47%.

Italy, with a CAGR of +14.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, increasing by 5.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 6.9% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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