GCC: Market for Straw Or Fodder Balers, Including Pickup Balers 2025

Market Size for Straw Or Fodder Balers, Including Pickup Balers in GCC

In 2021, the GCC straw for fodder balers market was finally on the rise to reach $X after three years of decline. The total consumption indicated a tangible increase 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, consumption decreased by -19.6% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Straw Or Fodder Balers, Including Pickup Balers in GCC

In value terms, straw for fodder balers production amounted to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value 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. Based on 2021 figures, production decreased by -21.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 52% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in GCC

In 2021, the amount of straw or fodder balers, including pickup balers exported in GCC surged to X units, picking up by 254% on the previous year. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports soared to $X in 2021. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia prevails in exports structure, resulting at X units, which was approx. 87% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), constituting an 8.7% share of total exports. Kuwait (X units) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of +15.4% from 2012 to 2021. At the same time, Kuwait (+13.0%) and the United Arab Emirates (+5.4%) displayed positive paces of growth. Saudi Arabia (+11 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -8.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) emerged as the largest straw for fodder balers supplier in GCC, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.9% share of total exports.

In Saudi Arabia, straw for fodder balers exports expanded at an average annual rate of +8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-6.4% per year) and Kuwait (-2.2% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 71%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-5.8%), while the other leaders experienced a decline in the export price figures.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in GCC

In 2021, the amount of straw or fodder balers, including pickup balers imported in GCC skyrocketed to X units, jumping by 159% on the previous year. In general, imports posted strong growth. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, straw for fodder balers imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 391% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was near 83% of total imports in 2021. Kuwait (X units) ranks second in terms of the total imports with a 7.9% share, followed by Qatar (6.1%). Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the straw or fodder balers, including pickup balers imports, with a CAGR of +16.5% from 2012 to 2021. At the same time, Kuwait (+4.6%) displayed positive paces of growth. By contrast, Qatar (-3.9%) and Oman (-16.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +43 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in GCC, comprising 83% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 8.5% share of total imports. It was followed by Qatar, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +14.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+5.3% per year) and Qatar (-5.2% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, approximately equating the previous year. In general, the import price, however, showed a sharp slump. The growth pace was the most rapid in 2019 an increase of 244% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform