France: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in France

In 2021, the French hay-making machinery market decreased by -11.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a perceptible slump. Hay-making machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hay-Making Machinery Production in France

In value terms, hay-making machinery production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hay-Making Machinery Exports

Exports from France

In 2021, shipments abroad of hay-making machinery was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.1% 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 2018 with an increase of 31% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hay-making machinery exports soared to $X in 2021. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and the UK (X units) were the main destinations of hay-making machinery exports from France, with a combined 40% share of total exports. These countries were followed by Japan, Italy, Switzerland, the Netherlands, Poland, Belgium, Austria, Australia, Spain and Russia, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for hay-making machinery exported from France worldwide, together comprising 43% of total exports. These countries were followed by Japan, Italy, Switzerland, the Netherlands, Australia, Austria, Poland, Belgium, Russia and Spain, which together accounted for a further 37%.

In terms of the main countries of destination, Russia, with a CAGR of +20.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, with an increase of 9.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. 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 the United States ($X per unit), while the average price for exports to Spain ($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 Russia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into France

Hay-making machinery imports into France was estimated at X units in 2021, picking up by 4.9% on 2020 figures. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when imports increased by 15%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hay-making machinery imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest hay-making machinery supplier to France, with a 48% share of total imports. Moreover, hay-making machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. The Czech Republic (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+9.6% per year) and the Czech Republic (+45.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hay-making machinery to France, comprising 46% of total imports. The second position in the ranking was taken by Austria ($X), with a 20% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.7% per year) and Italy (+7.7% per year).

Import Prices by Country

In 2021, the average hay-making machinery import price amounted to $X per unit, increasing by 8.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, average import prices attained 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 supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :