EU: Market for Root Or Tuber Harvesting Machines 2024

Market Size for Root Or Tuber Harvesting Machines in the EU

In 2021, the EU market for root or tuber harvesting machines was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a mild contraction. 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.

Production of Root Or Tuber Harvesting Machines in the EU

In value terms, root or tuber harvesting machine production expanded sharply to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 48%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Root Or Tuber Harvesting Machines

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of root or tuber harvesting machines, which increased by 20% to X tons in 2021. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, root or tuber harvesting machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 35% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons), Denmark (X tons), Poland (X tons), Belgium (X tons), Italy (X tons), France (X tons) and Spain (X tons) represented the key exporter of root or tuber harvesting machines in the European Union, generating 91% of total export.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest root or tuber harvesting machine supplying countries in the European Union were Denmark ($X), the Netherlands ($X) and Belgium ($X), together accounting for 59% of total exports.

The Netherlands, with a CAGR of +17.0%, 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 ton in 2021, rising by 4.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 12% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.1%), while the other leaders experienced more modest paces of growth.

Imports of Root Or Tuber Harvesting Machines

Imports in the EU

In 2021, the amount of root or tuber harvesting machines imported in the European Union expanded notably to X tons, surging by 12% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, root or tuber harvesting machine imports rose notably to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.5% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, France (X tons), Poland (X tons), the Netherlands (X tons), Romania (X tons), Bulgaria (X tons), Hungary (X tons), Germany (X tons) and Spain (X tons) was the main importer of root or tuber harvesting machines in the European Union, committing 77% of total import. Slovakia (X tons), Croatia (X tons), the Czech Republic (X tons), Denmark (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, with a combined 47% share of total imports. These countries were followed by Spain, Romania, Germany, the Czech Republic, Bulgaria, Slovakia, Austria, Denmark, Croatia and Hungary, which together accounted for a further 43%.

Denmark, with a CAGR of +34.1%, recorded the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 31%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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