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

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

The Indian straw for fodder balers market reduced to $X in 2021, with a decrease of -8.3% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 increased by +9.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

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

In value terms, straw for fodder balers production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.5% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 56%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from India

Straw for fodder balers exports from India surged to X units in 2021, picking up by 78% compared with 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 800%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, straw for fodder balers exports surged to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,117% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Thailand (X units) was the main destination for straw for fodder balers exports from India, with a 27% share of total exports. Moreover, straw for fodder balers exports to Thailand exceeded the volume sent to the second major destination, Russia (X units), fourfold. Nepal (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +83.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+134.5% per year) and Nepal (+25.8% per year).

In value terms, Thailand ($X) emerged as the key foreign market for straw or fodder balers, including pickup balers exports from India, comprising 27% of total exports. The second position in the ranking was held by Russia ($X), with a 7% share of total exports. It was followed by Nepal, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +112.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+149.7% per year) and Nepal (+68.8% per year).

Export Prices by Country

The average straw for fodder balers export price stood at $X per unit in 2021, increasing by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 35%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and Tanzania ($X per unit), while the average price for exports to Thailand ($X per unit) and Ukraine ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into India

Straw for fodder balers imports into India soared to X units in 2021, picking up by 27% against the previous year. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 162% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 161% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest straw for fodder balers supplier to India, accounting for a 62% share of total imports. Moreover, straw for fodder balers imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was taken by Norway (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+51.8% per year) and Norway (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to India, comprising 62% of total imports. The second position in the ranking was held by Turkey ($X), with a 26% share of total imports. It was followed by Norway, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+92.5% per year) and Norway (+1.7% per year).

Import Prices by Country

The average straw for fodder balers import price stood at $X per unit in 2021, leveling off at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 10% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and Poland ($X per unit), while the price for Turkey ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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