Northern America: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Northern America

The North American straw for fodder balers market plummeted to $X in 2021, which is down by -16.5% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell significantly in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in Northern America

In value terms, straw for fodder balers production fell to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Northern America

In 2021, exports of straw or fodder balers, including pickup balers in Northern America surged to X units, increasing by 28% on the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 24% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 91% of total exports in 2021. It was distantly followed by Canada (X units), constituting an 8.6% share of total exports.

Exports from the United States increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Canada (+3.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.9% from 2012-2021. While the share of Canada (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-1.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest straw for fodder balers supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.7% share of total exports.

In the United States, straw for fodder balers exports increased at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, reducing by -8.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.8%).

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Northern America

In 2021, overseas purchases of straw or fodder balers, including pickup balers decreased by -5% to X units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, straw for fodder balers imports totaled $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

In 2021, Canada (X units) and the United States (X units) represented the largest importer of straw or fodder balers, including pickup balers in Northern America, comprising 100% of total import.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +2.2%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, 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 (+4.6%).

Source: IndexBox Platform

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