MENA: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in MENA

After two years of decline, the MENA's market for forage harvesters and other harvesting machines increased by 14% to $X in 2021. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Forage Harvesters and Other Harvesting Machines in MENA

In value terms, production of forage harvesters and other harvesting machines soared to $X in 2021 estimated in export price. Over the period under review, production showed a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 80%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in MENA

Exports of forage harvesters and other harvesting machines stood at X units in 2021, standing approx. at 2020 figures. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, exports of forage harvesters and other harvesting machines reduced to $X in 2021. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 119% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporting country with an export of about X units, which amounted to 70% of total exports. It was distantly followed by Israel (X units), mixing up a 27% share of total exports.

Exports from Turkey increased at an average annual rate of +14.6% from 2012 to 2021. At the same time, Israel (+30.2%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +30.2% from 2012-2021. From 2012 to 2021, the share of Israel and Turkey increased by +19 and +4.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest forage harvesters and other harvesting machines supplying countries in MENA were Turkey ($X) and Israel ($X).

Among the main exporting countries, Israel, with a CAGR of +33.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, reducing by -10.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 52%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.1%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in MENA

In 2021, the amount of forage harvesters and other harvesting machines imported in MENA soared to X units, jumping by 37% on the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decrease. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X units) and Iran (X units) were the largest importers of forage harvesters and other harvesting machines in 2021, recording approx. 29% and 22% of total imports, respectively. Morocco (X units) held the next position in the ranking, followed by the United Arab Emirates (X units), Algeria (X units), Israel (X units) and Egypt (X units). All these countries together took near 40% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in MENA, comprising 47% of total imports. The second position in the ranking was held by Iran ($X), with a 13% share of total imports. It was followed by Algeria, with an 8.5% share.

In Turkey, imports of forage harvesters and other harvesting machines contracted by an average annual rate of -4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (-1.0% per year) and Algeria (+21.0% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, shrinking by -3.9% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by 5.4% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform