Global Combine Harvester Market 2024

Combine Harvester Market Size

In 2023, after two years of decline, there was significant growth in the global combine harvester market, when its value increased by X% to $X. Overall, the total consumption 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. Over the period under review, the global market hit record highs in 2023 and is expected to retain growth in the immediate term.

Combine Harvester Production

In value terms, combine harvester production totaled $X in 2023 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, global production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Combine Harvester Exports

Exports

In 2023, overseas shipments of combine harvester-threshers decreased by X% to X units, falling for the second year in a row after five years of growth. In general, exports, however, posted a mild increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, combine harvester exports skyrocketed to $X in 2023. Overall, total exports indicated noticeable 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, China (X units), distantly followed by Thailand (X units), the United States (X units), Germany (X units), India (X units), Poland (X units), Belgium (X units) and the Netherlands (X units) represented the largest exporters of combine harvester-threshers, together mixing up X% of total exports. Japan (X units), Pakistan (X units), Italy (X units), Denmark (X units) and France (X units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Pakistan (X%), Denmark (X%), the Netherlands (X%), India (X%), Japan (X%) and Poland (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy, France and Belgium experienced a relatively flat trend pattern. By contrast, Germany (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), India (X p.p.), the Netherlands (X p.p.), China (X p.p.), Poland (X p.p.), Pakistan (X p.p.) and Denmark (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Belgium (X p.p.), Germany (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest combine harvester supplying countries worldwide were the United States ($X), Germany ($X) and Belgium ($X), with a combined X% share of global exports. Poland, China, Italy, Thailand, Japan, the Netherlands, France, India, Denmark and Pakistan lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded 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

In 2023, the average combine harvester export price amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

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 Belgium ($X per unit), while Pakistan ($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 global leaders experienced more modest paces of growth.

Combine Harvester Imports

Imports

Global combine harvester imports rose remarkably to X units in 2023, with an increase of X% against 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, combine harvester imports surged to $X in 2023. In general, total imports indicated a notable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of combine harvester-threshers, namely India, France, the United States, Spain, Canada, Myanmar, Cambodia, Bangladesh, the Philippines, Ukraine, Poland and Australia, represented more than half of total import. Belgium (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X) constitutes the largest market for imported combine harvester-threshers worldwide, comprising X% of global imports. The second position in the ranking was taken by Australia ($X), with an X% share of global imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Canada totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

The average combine harvester import price stood at $X per unit in 2023, growing by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2023: its price 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, combine harvester import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Global import price peaked in 2023 and is expected to retain growth in the near future.

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 Canada ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform