MENA: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

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

The MENA's straw for fodder balers market amounted to $X in 2021, rising by 15% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, straw for fodder balers production soared to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 67% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in MENA

In 2021, approx. X units of straw or fodder balers, including pickup balers were exported in MENA; growing by 38% against the previous year. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 70%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, straw for fodder balers exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was approx. 89% of total exports in 2021. It was distantly followed by Saudi Arabia (X units) and Iran (X units), together committing a 9.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to straw for fodder balers exports from Turkey stood at +16.6%. At the same time, Iran (+22.0%) and Saudi Arabia (+15.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +22.0% from 2012-2021. From 2012 to 2021, the share of Turkey and Iran increased by +3.2 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest straw for fodder balers supplier in MENA, comprising 89% of total exports. The second position in the ranking was held by Iran ($X), with a 5% share of total exports.

In Turkey, straw for fodder balers exports increased at an average annual rate of +14.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+16.0% per year) and Saudi Arabia (+8.6% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, declining by -3.9% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in MENA

In 2021, supplies from abroad of straw or fodder balers, including pickup balers was finally on the rise to reach X units after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, straw for fodder balers imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) represented the main importer of straw or fodder balers, including pickup balers, committing 42% of total imports. It was distantly followed by Morocco (X units), Israel (X units), Iraq (X units), Tunisia (X units) and the United Arab Emirates (X units), together achieving a 45% share of total imports. Libya (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to straw for fodder balers imports into Turkey stood at +2.8%. At the same time, the United Arab Emirates (+16.5%), Libya (+12.3%) and Morocco (+7.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +16.5% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Iraq (-1.8%) and Tunisia (-9.2%) illustrated a downward trend over the same period. While the share of Turkey (+9.4 p.p.), Morocco (+9 p.p.), the United Arab Emirates (+3.4 p.p.) and Libya (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tunisia (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in MENA, comprising 56% of total imports. The second position in the ranking was held by Israel ($X), with a 9.1% share of total imports. It was followed by Tunisia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +2.5%. In the other countries, the average annual rates were as follows: Israel (-0.6% per year) and Tunisia (-8.4% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, rising by 1.8% against the previous year. Overall, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of 60% 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 stood at a somewhat 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 Iraq (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform