Europe: Disc Harrow Market 2024

Disc Harrow Market Size in Europe

In 2021, the Europe disc harrow market decreased by -27.7% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Disc Harrow Production in Europe

In value terms, disc harrow production rose notably to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +94.7% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. The level of production peaked in 2021 and is likely to continue growth in the near future.

Disc Harrow Exports

Exports in Europe

In 2021, exports of disc harrows in Europe soared to X units, growing by 20% compared with the previous year's figure. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, disc harrow exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X units) represented the key exporter of disc harrows, creating 36% of total exports. It was distantly followed by Poland (X units), the Czech Republic (X units) and France (X units), together achieving a 40% share of total exports. Austria (X units), Italy (X units), Sweden (X units), Ukraine (X units), Romania (X units), Bulgaria (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +33.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest disc harrow supplier in Europe, comprising 48% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 10% share.

In Germany, disc harrow exports expanded at an average annual rate of +7.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+28.1% per year) and the Czech Republic (+8.5% per year).

Disc Harrow Imports

Imports in Europe

In 2021, supplies from abroad of disc harrows was finally on the rise to reach X units after two years of decline. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, disc harrow imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of disc harrows, namely France, Ukraine, Bulgaria, Poland, Germany, Austria, Lithuania, Romania, Hungary, Moldova, Spain and the UK, represented more than two-thirds of total import. Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Moldova (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest disc harrow importing markets in Europe were France ($X), Russia ($X) and Ukraine ($X), together comprising 41% of total imports. These countries were followed by Bulgaria, Poland, Austria, Germany, Romania, Hungary, Lithuania, the UK, Spain and Moldova, which together accounted for a further 41%.

Moldova, with a CAGR of +22.2%, saw 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 Europe stood at $X per unit in 2021, increasing by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2020 an increase of 18%. The level of import peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+23.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform