EU: Hedge Shear Market 2024

Hedge Shear Market Size in the EU

After five years of growth, the EU hedge shear market decreased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate slight growth. Over the period under review, the market hit record highs at $X in 2022, and then contracted modestly in the following year.

Hedge Shear Production in the EU

In value terms, hedge shear production amounted to $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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Hedge Shear Exports

Exports in the EU

In 2023, shipments abroad of hedge shears and two-handed pruning shears decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated measured growth 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, hedge shear exports contracted significantly to $X in 2023. Total exports indicated a modest expansion 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain represented the key exporting country with an export of about X tons, which finished at X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), Poland (X%) and France (X%). The following exporters - Belgium (X tons) and Austria (X tons) - each resulted at an X% share of total exports.

Exports from Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), the Netherlands (X%), Belgium (X%) and Austria (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Spain and Poland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hedge shear supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports.

Poland, 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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 France ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Hedge Shear Imports

Imports in the EU

In 2023, purchases abroad of hedge shears and two-handed pruning shears decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, hedge shear imports shrank remarkably to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons), the Netherlands (X tons) and Spain (X tons) represented roughly X% of total imports in 2023. Italy (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%) and Austria (X%). Greece (X tons), Romania (X tons), Belgium (X tons), the Czech Republic (X tons), Sweden (X tons) and Ireland (X tons) followed a long way behind the leaders.

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

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Spain, Italy, Poland, Austria, the Czech Republic, Sweden, Belgium, Romania, Greece and Ireland lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw 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 the European Union amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

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 the Czech Republic ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform