Luxembourg: Hay-Making Machinery Market 2025

Hay-Making Machinery Market Size in Luxembourg

In 2021, the Luxembourg hay-making machinery market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Hay-making machinery consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Hay-Making Machinery Exports

Exports from Luxembourg

In 2021, approx. X units of hay-making machinery were exported from Luxembourg; waning by -41.5% against 2020 figures. Over the period under review, exports showed a pronounced descent. The growth pace was the most rapid in 2020 when exports increased by 225%. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, hay-making machinery exports declined remarkably to $X in 2021. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 227%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Belgium (X units) was the main destination for hay-making machinery exports from Luxembourg, accounting for a 68% share of total exports. Moreover, hay-making machinery exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold. Slovenia (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Slovenia (0.0% per year).

In value terms, Belgium ($X) remains the key foreign market for hay-making machinery exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.4% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-2.1% per year) and Germany (-8.0% per year).

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, with an increase of 5.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per unit) and Croatia ($X per unit), while the average price for exports to France ($X per unit) and Belgium ($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 Belgium (-0.8%), while the prices for the other major destinations experienced a decline.

Hay-Making Machinery Imports

Imports into Luxembourg

After three years of decline, purchases abroad of hay-making machinery increased by 29% to X units in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hay-making machinery imports surged to $X in 2021. In general, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 2017 with an increase of 55% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Slovenia (X units) and Austria (X units) were the main suppliers of hay-making machinery imports to Luxembourg, with a combined 74% share of total imports. Moreover, hay-making machinery imports in Germany exceeded the figures recorded by the second-largest supplier, Slovenia, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hay-making machinery to Luxembourg, comprising 37% of total imports. The second position in the ranking was held by Slovenia ($X), with a 19% share of total imports. It was followed by Austria, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+16.8% per year) and Austria (+1.7% per year).

Import Prices by Country

The average hay-making machinery import price stood at $X per unit in 2021, surging by 7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per unit) and the Czech Republic ($X per unit), while the price for Germany ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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