New Zealand: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in New Zealand

In 2021, the New Zealand straw for fodder balers market was finally on the rise to reach $X after three years of decline. In general, consumption enjoyed slight growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from New Zealand

Straw for fodder balers exports from New Zealand soared to X units in 2021, jumping by 33% compared with the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 121%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, straw for fodder balers exports surged to $X in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 181%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for straw for fodder balers exports from New Zealand, accounting for a 42% share of total exports. Moreover, straw for fodder balers exports to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. The UK (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+38.4% per year) and the UK (+35.1% per year).

In value terms, the United States ($X) remains the key foreign market for straw or fodder balers, including pickup balers exports from New Zealand, comprising 42% of total exports. The second position in the ranking was taken by Australia ($X), with a 13% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+39.1% per year) and the UK (+99.7% per year).

Export Prices by Country

In 2021, the average straw for fodder balers export price amounted to $X per unit, surging by 2.2% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and Canada ($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 the United States (+1.4%), 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 New Zealand

Straw for fodder balers imports into New Zealand soared to X units in 2021, jumping by 98% against the year before. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X units), Ireland (X units) and Germany (X units) were the main suppliers of straw for fodder balers imports to New Zealand, together accounting for 59% of total imports. These countries were followed by Belgium, Austria, the UK, the United States, Poland, Hungary and the Netherlands, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +76.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest straw for fodder balers suppliers to New Zealand were France ($X), Ireland ($X) and Germany ($X), together comprising 59% of total imports. These countries were followed by Belgium, Austria, the UK, the United States, Poland, Hungary and the Netherlands, which together accounted for a further 34%.

Austria, with a CAGR of +67.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average straw for fodder balers import price stood at $X per unit in 2021, increasing by 2.5% against the previous year. Over the period under review, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Austria ($X per unit) and Poland ($X per unit), while the price for the UK ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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