Europe: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Europe

The Europe agricultural harvester market soared to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% 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 and is likely to continue growth in the immediate term.

Agricultural Harvester Production in Europe

In value terms, agricultural harvester production expanded slightly 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 was the most pronounced in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Agricultural Harvester Exports

Exports in Europe

Agricultural harvester exports soared to X units in 2023, growing by X% compared with 2022. Overall, exports, however, continue to indicate a perceptible downturn. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, agricultural harvester exports soared to $X in 2023. Total exports indicated a pronounced expansion 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Belarus (X units), Italy (X units) and Germany (X units), together amounting to X% of total export. The Netherlands (X units) took the next position in the ranking, followed by Belgium (X units), the UK (X units), France (X units) and Poland (X units). All these countries together held near X% share of total exports.

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

In value terms, Germany ($X) remains the largest agricultural harvester supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Agricultural Harvester Imports

Imports in Europe

In 2023, approx. X units of agricultural harvesters were imported in Europe; with an increase of X% on 2022. In general, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, agricultural harvester imports rose sharply to $X in 2023. Total imports indicated modest 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, Russia (X units), distantly followed by France (X units) and Ukraine (X units) represented the major importers of agricultural harvesters, together mixing up X% of total imports. Poland (X units), Spain (X units), Belgium (X units), Romania (X units), the Netherlands (X units), Germany (X units), Austria (X units), the UK (X units), Bulgaria (X units) and Serbia (X units) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to agricultural harvester imports into Russia stood at X%. At the same time, Serbia (X%), Austria (X%), Spain (X%), the Netherlands (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Poland and Romania experienced a relatively flat trend pattern. By contrast, Bulgaria (X%), Ukraine (X%), the UK (X%) and Germany (X%) illustrated a downward trend over the same period. France (X p.p.), Austria (X p.p.), Spain (X p.p.), the Netherlands (X p.p.), Belgium (X p.p.), Poland (X p.p.), Serbia (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural harvester importing markets in Europe were France ($X), Russia ($X) and Germany ($X), together accounting for X% of total imports. The UK, Poland, Romania, Bulgaria, Belgium, Ukraine, Spain, the Netherlands, Austria and Serbia lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, shrinking by X% against the previous year. Import price indicated buoyant growth from 2012 to 2023: its price 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, agricultural harvester import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while Serbia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform