Europe: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Europe

The Europe market for forage harvesters and other harvesting machines soared to $X in 2021, jumping by 57% against the previous year. Overall, consumption saw a modest increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Europe

In value terms, production of forage harvesters and other harvesting machines surged to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Europe

In 2021, the amount of forage harvesters and other harvesting machines exported in Europe skyrocketed to X units, with an increase of 24% against the previous year's figure. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 +29.5% against 2017 indices. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines soared to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.6% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the largest exporting country with an export of around X units, which resulted at 42% of total exports. Belgium (X units) held the second position in the ranking, followed by Italy (X units), France (X units), the Netherlands (X units) and Belarus (X units). All these countries together took near 39% share of total exports. Russia (X units) held a relatively small share of total exports.

Exports from Germany increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Russia (+18.2%), France (+5.9%), Belgium (+3.0%) and Italy (+2.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.2% from 2012-2021. By contrast, the Netherlands (-6.4%) and Belarus (-7.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, France and Germany increased by +3.3, +2.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest forage harvesters and other harvesting machines supplier in Europe, comprising 55% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total exports. It was followed by France, with an 8.2% share.

In Germany, exports of forage harvesters and other harvesting machines expanded at an average annual rate of +3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+4.9% per year) and France (+6.9% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, growing by 4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the export price increased by 9%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.7%), while the other leaders experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Europe

In 2021, approx. X units of forage harvesters and other harvesting machines were imported in Europe; with an increase of 50% on 2020 figures. Over the period under review, imports saw a notable expansion. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X units) was the main importer of forage harvesters and other harvesting machines, creating 34% of total imports. It was distantly followed by France (X units), the Netherlands (X units), Germany (X units) and the UK (X units), together comprising a 29% share of total imports. Italy (X units), Ukraine (X units), Poland (X units), Belgium (X units), Slovakia (X units), Portugal (X units), Hungary (X units) and Austria (X units) held a little share of total imports.

Imports into Russia increased at an average annual rate of +8.8% from 2012 to 2021. At the same time, Slovakia (+17.7%), Portugal (+11.1%), Hungary (+7.2%), Poland (+5.7%), the UK (+4.1%), Germany (+2.8%), France (+2.5%), Belgium (+1.8%), the Netherlands (+1.5%) and Italy (+1.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Europe, with a CAGR of +17.7% from 2012-2021. By contrast, Austria (-1.9%) and Ukraine (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia and Slovakia increased by +11 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), France ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. These countries were followed by the Netherlands, Germany, Italy, Belgium, Poland, Ukraine, Slovakia, Austria, Hungary and Portugal, which together accounted for a further 40%.

Among the main importing countries, Slovakia, with a CAGR of +16.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, with a decrease of -7.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 235%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform