Estonia: Combine Harvester Market 2020

Combine Harvester Market Size in Estonia

The revenue of the combine harvester market in Estonia amounted to $X in 2018, coming down by -X% against 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, combine harvester consumption, however, continues to indicate remarkable growth. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Estonia combine harvester consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Combine Harvester Exports

Exports from Estonia

In 2018, the combine harvester exports from Estonia stood at X units, increasing by X% against the previous year. Over the period under review, combine harvester exports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Estonia exports peaked at X units in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, combine harvester exports amounted to $X in 2018. Over the period under review, combine harvester exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Estonia exports peaked at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

The exports of the four major exporters of combine harvester-threshers, namely Germany, Thailand, the U.S. and Belgium, represented more than half of total export. China (X units) ranks next in terms of the total exports with a X% share, followed by Poland (X%). The following exporters - Finland (X units), Brazil (X units), Italy (X units), India (X units), Russia (X units) and Japan (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Thailand, China, Brazil, Poland, Italy, Japan, Russia, Finland, India and Estonia lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The combine harvester export price in Estonia stood at $X per unit in 2018, going up by X% against the previous year. In general, the combine harvester export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Estonia export price peaked at $X per unit in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Combine Harvester Imports

Imports into Estonia

In 2018, the amount of combine harvester-threshers imported into Estonia totaled X units, waning by -X% against the previous year. In general, combine harvester imports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. In that year, combine harvester imports reached their peak of X units. From 2009 to 2018, the growth of combine harvester imports remained at a lower figure.

In value terms, combine harvester imports stood at $X in 2018. In general, combine harvester imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, combine harvester imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Canada (X units), distantly followed by Ukraine (X units), France (X units) and Poland (X units) were the major importers of combine harvester-threshers, together creating X% of total imports. Australia (X units), Germany (X units), Romania (X units), Mexico (X units), Bulgaria (X units), the UK (X units), China (X units) and Russia (X units) followed a long way behind the leaders.

Imports into Canada increased at an average annual rate of +X% from 2007 to 2018. At the same time, Australia (+X%), Bulgaria (+X%), China (+X%), Romania (+X%), Mexico (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Ukraine experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%), the UK (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.), Australia (+X p.p.), Bulgaria (+X p.p.), Romania (+X p.p.) and China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-X p.p.) and Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in Canada stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Australia (+X% per year).

Import Prices by Country

In 2018, the combine harvester import price in Estonia amounted to $X per unit, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. In that year, the import prices for combine harvester-threshers reached their peak level of $X per unit. From 2013 to 2018, the growth in terms of the import prices for combine harvester-threshers failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Australia ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform