Global Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size

The global agricultural forestry machinery market amounted to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Agricultural Forestry Machinery Production

In value terms, agricultural forestry machinery production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +8.6% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. Over the period under review, global production hit record highs at $X in 2021, and then declined in the following year.

Agricultural Forestry Machinery Exports

Exports

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) exported worldwide expanded rapidly to X units, rising by 6.1% on 2021 figures. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, agricultural forestry machinery exports declined slightly to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X units), distantly followed by Italy (X units), Poland (X units), Germany (X units), India (X units), Canada (X units) and Denmark (X units) represented the main exporters of agricultural forestry machinery (lawn or sportsground rollers), together creating 64% of total exports. The United States (X units), the Netherlands (X units), Japan (X units), France (X units), Hungary (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +24.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery supplying countries worldwide were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 38% share of global exports. These countries were followed by Canada, China, the United States, Denmark, Poland, India, Japan, France, the UK and Hungary, which together accounted for a further 42%.

India, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, dropping by -8% against the previous year. Overall, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 7.8%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the other global leaders experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports

In 2022, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by 3.9% to X units, rising for the seventh year in a row after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 23%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, agricultural forestry machinery imports amounted to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 19%. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States represented the major importer of agricultural forestry machinery (lawn or sportsground rollers) in the world, with the volume of imports amounting to X units, which was approx. 26% of total imports in 2022. It was distantly followed by France (X units), Germany (X units) and Canada (X units), together making up an 18% share of total imports. The following importers - the UK (X units), Poland (X units), Australia (X units), Italy (X units), Austria (X units), Romania (X units), Spain (X units), Sweden (X units) and the Czech Republic (X units) - together made up 25% of total imports.

The United States was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) imports, with a CAGR of +20.0% from 2012 to 2022. At the same time, Italy (+17.7%), Spain (+17.0%), Australia (+10.2%), the UK (+8.7%), Romania (+8.1%), Poland (+6.8%), France (+5.3%), Canada (+4.9%) and Austria (+4.9%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Sweden (-2.1%) and the Czech Republic (-2.8%) illustrated a downward trend over the same period. The United States (+19 p.p.), Italy (+1.9 p.p.) and Spain (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Sweden, the Czech Republic and Germany saw its share reduced by -1.7%, -1.9% and -3.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural forestry machinery importing markets worldwide were the United States ($X), France ($X) and Germany ($X), together comprising 28% of global imports. These countries were followed by Canada, the UK, Poland, Australia, Romania, Austria, Italy, the Czech Republic, Sweden and Spain, which together accounted for a further 36%.

Among the main importing countries, Italy, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, approximately mirroring the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.3%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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