Switzerland: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Switzerland

The Swiss hay-making machinery market skyrocketed to $X in 2021, with an increase of 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% 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 attained the peak level and is likely to continue growth in the immediate term.

Hay-Making Machinery Exports

Exports from Switzerland

In 2021, the amount of hay-making machinery exported from Switzerland skyrocketed to X units, increasing by 16% on 2020 figures. Overall, exports, however, saw a slight setback. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hay-making machinery exports surged to $X in 2021. In general, exports saw a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 82% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland (X units) was the main destination for hay-making machinery exports from Switzerland, accounting for a 35% share of total exports. Moreover, hay-making machinery exports to Poland exceeded the volume sent to the second major destination, Austria (X units), twofold. Serbia (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+10.4% per year) and Serbia (-6.3% per year).

In value terms, Austria ($X), Germany ($X) and Italy ($X) constituted the largest markets for hay-making machinery exported from Switzerland worldwide, with a combined 93% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hay-making machinery export price stood at $X per unit in 2021, growing by 9.7% against the previous year. Overall, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2016 an increase of 68%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Switzerland

In 2021, the amount of hay-making machinery imported into Switzerland soared to X units, increasing by 25% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 28% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, hay-making machinery imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X units), Germany (X units) and France (X units) were the main suppliers of hay-making machinery imports to Switzerland, with a combined 84% share of total imports. These countries were followed by Italy, Slovenia, Denmark, the Czech Republic and the Netherlands, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +4.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and France ($X) appeared to be the largest hay-making machinery suppliers to Switzerland, with a combined 83% share of total imports. These countries were followed by Italy, Slovenia, Denmark, the Czech Republic and the Netherlands, which together accounted for a further 16%.

In terms of the main suppliers, Italy, with a CAGR of +7.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hay-making machinery import price stood at $X per unit in 2021, rising by 5.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.8%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :