Northern America: Disc Harrow Market 2024

Disc Harrow Market Size in Northern America

The North American disc harrow market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.1% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Disc Harrow Production in Northern America

In value terms, disc harrow production surged to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Disc Harrow Exports

Exports in Northern America

In 2021, shipments abroad of disc harrows decreased by -16.3% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 58%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, disc harrow exports stood at $X in 2021. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 58%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, Canada (X units) represented the main exporter of disc harrows, comprising 89% of total exports. It was distantly followed by the United States (X units), achieving an 11% share of total exports.

Canada was also the fastest-growing in terms of the disc harrows exports, with a CAGR of +26.9% from 2012 to 2021. The United States (-21.6%) illustrated a downward trend over the same period. Canada (+79 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -79.4% from 2012 to 2021, respectively.

In value terms, the largest disc harrow supplying countries in Northern America were Canada ($X) and the United States ($X).

Among the main exporting countries, Canada, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, picking up by 30% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, disc harrow export price increased by +83.8% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 36% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

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 the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.1%).

Disc Harrow Imports

Imports in Northern America

In 2021, supplies from abroad of disc harrows increased by 22% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 118%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, disc harrow imports expanded significantly to $X in 2021. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 119% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States represented the key importer of disc harrows in Northern America, with the volume of imports accounting for X units, which was near 76% of total imports in 2021. It was distantly followed by Canada (X units), constituting a 24% share of total imports.

The United States was also the fastest-growing in terms of the disc harrows imports, with a CAGR of +34.4% from 2012 to 2021. At the same time, Canada (+5.9%) displayed positive paces of growth. From 2012 to 2021, the share of the United States increased by +49 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported disc harrows in Northern America, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with a 32% share of total imports.

In the United States, disc harrow imports expanded at an average annual rate of +28.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, dropping by -6.4% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 2.6%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.0%).

Source: IndexBox Platform

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