Seeder And Planter Market

The article provides a comprehensive analysis of the global seeder and planter market from 2022 to 2030. It outlines the expected upward consumption trend driven by rising demand worldwide, with a forecasted increase in market volume and value. Consumption, production, imports, and exports of seeders and planters are detailed, including key countries leading in consumption, production, and trade. The article also highlights per capita consumption trends, with notable growth rates in certain countries. Overall, the analysis offers insights into the current state and future outlook of the seeder and planter market.

Market Forecast

Driven by rising demand for seeder and planter worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 966K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $5.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Seeders, Planters, Transplanters

In 2022, consumption of seeders, planters, transplanters increased by 2.8% to 899K units for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a slight decrease. The pace of growth was the most pronounced in 2016 when the consumption volume increased by 9.5% against the previous year. Global consumption peaked at 1.1M units in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

The global seeder and planter market value amounted to $4.6B in 2022, leveling off at 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). Overall, consumption, however, saw a deep contraction. The growth pace was the most rapid in 2020 when the market value increased by 3.2%. Global consumption peaked at $14B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (159K units), Brazil (127K units) and Japan (119K units), together accounting for 45% of global consumption. The United States, Pakistan, Nigeria, Germany, Indonesia, France, Ukraine, Russia, Denmark and Italy lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +49.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($1.1B), Brazil ($623M) and China ($481M) appeared to be the countries with the highest levels of market value in 2022, together accounting for 48% of the global market. The United States, Germany, France, Pakistan, Ukraine, Indonesia, Russia, Italy, Nigeria and Denmark lagged somewhat behind, together accounting for a further 27%.

Nigeria, with a CAGR of +47.4%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of seeder and planter per capita consumption was registered in Denmark (2,636 units per million persons), followed by Japan (954 units per million persons), Brazil (589 units per million persons) and Ukraine (364 units per million persons), while the world average per capita consumption of seeder and planter was estimated at 114 units per million persons.

From 2012 to 2022, the average annual growth rate of the seeder and planter per capita consumption in Denmark totaled +18.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Japan (-2.6% per year) and Brazil (-3.6% per year).

Production

World Production of Seeders, Planters, Transplanters

In 2022, production of seeders, planters, transplanters was finally on the rise to reach 827K units for the first time since 2019, thus ending a two-year declining trend. Overall, production, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 10% against the previous year. Over the period under review, global production hit record highs at 1.1M units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, seeder and planter production fell to $3.6B in 2022 estimated in export price. In general, production, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 7% against the previous year. Over the period under review, global production attained the maximum level at $5.9B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (159K units), Brazil (127K units) and Japan (126K units), with a combined 50% share of global production. The United States, Pakistan, Germany, Indonesia, Ukraine, Russia, Denmark, Italy and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +23.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Seeders, Planters, Transplanters

In 2022, purchases abroad of seeders, planters, transplanters was finally on the rise to reach 101K units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, global imports attained the peak figure at 317K units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, seeder and planter imports rose notably to $451M in 2022. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 10%. As a result, imports reached the peak of $1.9B. From 2014 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

In 2022, Nigeria (24K units), distantly followed by Romania (10K units), China (8.4K units), France (7.5K units), Kazakhstan (6.1K units), Argentina (6K units) and South Korea (5K units) were the largest importers of seeders, planters, transplanters, together achieving 67% of total imports. Indonesia (4.5K units), Spain (3.4K units), Hungary (3.2K units), Japan (1.8K units) and India (1.6K units) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the seeders, planters, transplanters imports, with a CAGR of +49.8% from 2012 to 2022. At the same time, Indonesia (+43.4%), Argentina (+27.3%), Romania (+6.5%), Japan (+6.5%), India (+5.7%), Spain (+5.3%) and South Korea (+3.4%) displayed positive paces of growth. By contrast, Kazakhstan (-2.4%), China (-2.7%), Hungary (-3.4%) and France (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Romania, Argentina, Indonesia, China, South Korea, France, Kazakhstan, Spain and Hungary increased by +24, +7.9, +5.8, +4.4, +4.3, +3.7, +3.3, +3.2, +2.6 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($60M), South Korea ($59M) and China ($56M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 39% of global imports. France, Nigeria, Hungary, Indonesia, Kazakhstan, Japan, Spain, India and Argentina lagged somewhat behind, together accounting for a further 43%.

Nigeria, with a CAGR of +47.4%, saw the highest growth rate of the value of imports, among the main importing countries 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 seeder and planter import price amounted to $4,483 per unit, waning by -12% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2016 an increase of 5.2% against the previous year. Global import price peaked at $6,219 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($11,723 per unit), while Argentina ($1,012 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Seeders, Planters, Transplanters

In 2022, after two years of decline, there was significant growth in shipments abroad of seeders, planters, transplanters, when their volume increased by 6.4% to 29K units. Overall, exports, however, recorded a sharp slump. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. Over the period under review, the global exports hit record highs at 298K units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, seeder and planter exports expanded modestly to $151M in 2022. Over the period under review, exports, however, showed a precipitous shrinkage. The growth pace was the most rapid in 2019 with an increase of 8.7%. Over the period under review, the global exports hit record highs at $1.9B in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Japan (8.9K units) and China (8.3K units) were the main exporters of seeders, planters, transplantersin the world, together creating 60% of total exports. Austria (3.2K units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (6.3%). India (1,216 units), Belarus (1,119 units), Argentina (779 units), South Korea (759 units), Romania (559 units), France (460 units) and Thailand (456 units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +18.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($86M) remains the largest seeder and planter supplier worldwide, comprising 57% of global exports. The second position in the ranking was held by Austria ($19M), with a 12% share of global exports. It was followed by Hungary, with an 8.9% share.

In Japan, seeder and planter exports declined by an average annual rate of -3.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (-4.5% per year) and Hungary (+10.6% per year).

Export Prices By Country

In 2022, the average seeder and planter export price amounted to $5,233 per unit, falling by -2.9% against the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth was the most pronounced in 2020 an increase of 41%. The global export price peaked at $6,482 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($9,677 per unit), while South Korea ($320 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform