France: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in France

The French market for forage harvesters and other harvesting machines expanded rapidly to $X in 2021, rising by 12% against the previous year. Over the period under review, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Forage Harvesters and Other Harvesting Machines in France

In value terms, production of forage harvesters and other harvesting machines rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from France

Exports of forage harvesters and other harvesting machines from France rose modestly to X units in 2021, increasing by 2.3% against the previous year. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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 +84.2% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 20%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of forage harvesters and other harvesting machines surged to $X in 2021. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 39%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for exports of forage harvesters and other harvesting machines from France, accounting for a 26% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Spain exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was held by Italy (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.5% per year) and Italy (+11.8% per year).

In value terms, Spain ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from France, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Portugal, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.0% per year) and Portugal (+33.4% per year).

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, rising by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into France

In 2021, supplies from abroad of forage harvesters and other harvesting machines was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 45%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 33%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of forage harvesters and other harvesting machines to France, with a 57% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Belgium (X units), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.1% per year) and Belgium (+4.7% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to France, comprising 67% of total imports. The second position in the ranking was held by Belgium ($X), with a 10% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.0% per year) and Italy (+0.9% per year).

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, falling by -3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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