U.S.: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in the U.S.

In 2021, after four years of growth, there was significant decline in the U.S. straw for fodder balers market, when its value decreased by -21.7% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped dramatically in the following year.

Production of Straw Or Fodder Balers, Including Pickup Balers in the U.S.

In value terms, straw for fodder balers production reduced to $X in 2021. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. 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% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from the U.S.

In 2021, the amount of straw or fodder balers, including pickup balers exported from the United States skyrocketed to X units, picking up by 29% against 2020 figures. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 23%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Canada (X units) was the main destination for straw for fodder balers exports from the United States, with a 39% share of total exports. Moreover, straw for fodder balers exports to Canada exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was held by China (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.4% per year) and China (+17.9% per year).

In value terms, Canada ($X) remains the key foreign market for straw or fodder balers, including pickup balers exports from the United States, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.4% per year) and Belgium (+7.2% per year).

Export Prices by Country

The average straw for fodder balers export price stood at $X per unit in 2021, with a decrease of -9.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Canada ($X per unit), while the average price for exports to Mexico ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into the U.S.

In 2021, supplies from abroad of straw or fodder balers, including pickup balers decreased by -22.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, straw for fodder balers imports reached $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and Canada (X units) were the main suppliers of straw for fodder balers imports to the United States, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to the United States, comprising 32% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.6% per year) and Italy (+55.1% per year).

Import Prices by Country

The average straw for fodder balers import price stood at $X per unit in 2021, picking up by 29% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, straw for fodder balers import price increased by +64.7% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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