Overview of the Global Market for Forage Harvesters and Other Harvesting Machines

Market Size for Forage Harvesters and Other Harvesting Machines

The global market for forage harvesters and other harvesting machines expanded slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the global market remained at a lower figure.

Production of Forage Harvesters and Other Harvesting Machines

In value terms, production of forage harvesters and other harvesting machines rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, global production of growth remained at a lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports

In 2023, overseas shipments of forage harvesters and other harvesting machines increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports recorded a notable increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, exports of forage harvesters and other harvesting machines expanded markedly to $X in 2023. In general, total exports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the global exports of hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The shipments of the three major exporters of forage harvesters and other harvesting machines, namely the United States, Italy and Germany, represented more than half of total export. Brazil (X units) took the next position in the ranking, followed by Belgium (X units), France (X units) and the Netherlands (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines supplying countries worldwide were Germany ($X), the United States ($X) and Brazil ($X), together comprising X% of global exports. Belgium, Italy, France and the Netherlands lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2023, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Forage Harvesters and Other Harvesting Machines

Imports

In 2023, approx. X units of forage harvesters and other harvesting machines were imported worldwide; with an increase of X% on the previous year's figure. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, imports of forage harvesters and other harvesting machines totaled $X in 2023. Overall, total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, global imports of reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

The United States (X units) and France (X units) represented the main importers of forage harvesters and other harvesting machines in 2023, reaching approx. X% and X% of total imports, respectively. Australia (X units) held the next position in the ranking, followed by the Netherlands (X units) and Sweden (X units). All these countries together took approx. X% share of total imports. Brazil (X units), Austria (X units), Italy (X units), Germany (X units), Belgium (X units), Russia (X units), Canada (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of global imports.

Among the main importing countries, Brazil, with a CAGR of X%, saw 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

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2023, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, 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 Brazil ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform