United Kingdom: Combine Harvester Market 2024

Combine Harvester Market Size in the UK

The UK combine harvester market fell to $X in 2022, declining by -14.5% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Combine Harvester Production in the UK

In value terms, combine harvester production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 75% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Combine Harvester Exports

Exports from the UK

Combine harvester exports from the UK declined to X units in 2022, shrinking by -13.2% against the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 89%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, combine harvester exports expanded slightly to $X in 2022. Overall, exports saw a perceptible descent. The growth pace was the most rapid in 2013 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X units), France (X units) and Poland (X units) were the main destinations of combine harvester exports from the UK, with a combined 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +54.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Lithuania ($X) and Belgium ($X) were the largest markets for combine harvester exported from the UK worldwide, with a combined 42% share of total exports. Ireland, the Netherlands, Poland, South Africa, Ukraine, Germany, Spain, Chile, Pakistan and Syrian Arab Republic lagged somewhat behind, together accounting for a further 37%.

Chile, with a CAGR of +80.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average combine harvester export price amounted to $X per unit, growing by 18% against the previous year. Overall, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 114% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Combine Harvester Imports

Imports into the UK

Combine harvester imports into the UK dropped sharply to X units in 2022, which is down by -49% compared with 2021. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, combine harvester imports dropped remarkably to $X in 2022. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of combine harvester to the UK, with a 56% share of total imports. Moreover, combine harvester imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The United States (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.2% per year) and the United States (-8.1% per year).

In value terms, Germany ($X) constituted the largest supplier of combine harvester-threshers to the UK, comprising 59% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-4.1% per year) and the United States (-5.6% per year).

Import Prices by Country

The average combine harvester import price stood at $X per unit in 2022, picking up by 32% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 61% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :