U.S.: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in the U.S.

In 2022, the U.S. agricultural harvester market decreased by X% to $X, falling for the third year in a row after four years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Agricultural Harvester Production in the U.S.

In value terms, agricultural harvester production contracted modestly to $X in 2022. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Agricultural Harvester Exports

Exports from the U.S.

In 2022, the amount of agricultural harvesters exported from the United States surged to X units, increasing by X% on the previous year's figure. Over the period under review, exports recorded a modest increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester exports skyrocketed to $X in 2022. In general, exports, however, recorded a slight contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units), China (X units) and Brazil (X units) were the main destinations of agricultural harvester exports from the United States, with a combined X% share of total exports. Mexico, Australia, Argentina and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Canada ($X) remains the key foreign market for agricultural harvesters exports from the United States, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average agricultural harvester export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Mexico ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Harvester Imports

Imports into the U.S.

In 2022, the amount of agricultural harvesters imported into the United States skyrocketed to X units, jumping by X% on the previous year. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester imports soared to $X in 2022. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Belgium (X units) and Vietnam (X units) were the main suppliers of agricultural harvester imports to the United States, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural harvester suppliers to the United States were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports. Canada, the UK, Brazil, France, Poland and Vietnam lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X.0%, recorded the highest rates of growth with regard to 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

In 2022, the average agricultural harvester import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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