EU: Threshing Machinery Market 2024

Threshing Machinery Market Size in the EU

The EU threshing machinery market reached $X in 2022, rising by 2.2% against the previous year. In general, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in the EU

In value terms, threshing machinery production stood at $X in 2022 estimated in export price. Overall, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 6.7% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in the EU

For the fourth year in a row, the European Union recorded growth in shipments abroad of threshing machinery except combine harvester-threshers, which increased by 2.2% to X units in 2022. Overall, exports, however, recorded a mild reduction. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, threshing machinery exports reached $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +112.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy dominates exports structure, accounting for X units, which was approx. 80% of total exports in 2022. It was distantly followed by France (X units), mixing up a 4.8% share of total exports. The following exporters - Poland (X units), Spain (X units) and Germany (X units) - together made up 10% of total exports.

From 2012 to 2022, average annual rates of growth with regard to threshing machinery exports from Italy stood at -1.5%. At the same time, Poland (+7.9%), France (+7.0%) and Spain (+2.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.9% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of France (+2.6 p.p.) and Poland (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest threshing machinery supplier in the European Union, comprising 85% of total exports. The second position in the ranking was held by Spain ($X), with a 2.7% share of total exports. It was followed by Germany, with a 2.6% share.

In Italy, threshing machinery exports expanded at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+2.2% per year) and Germany (-1.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, growing by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2013 when the export price increased by 61% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while France ($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 more modest paces of growth.

Threshing Machinery Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of threshing machinery except combine harvester-threshers, which increased by 32% to X units in 2022. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +121.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, threshing machinery imports expanded notably to $X in 2022. Overall, imports saw a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of 43%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Romania (X units), distantly followed by Bulgaria (X units), France (X units), Poland (X units), the Netherlands (X units), Spain (X units) and Croatia (X units) were the key importers of threshing machinery except combine harvester-threshers, together creating 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threshing machinery importing markets in the European Union were Romania ($X), France ($X) and Bulgaria ($X), with a combined 60% share of total imports. The Netherlands, Poland, Croatia and Spain lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +80.0%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in the European Union amounted to $X per unit, dropping by -15.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 9.7%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then shrank rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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