Europe: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Europe

The Europe agricultural harvester market skyrocketed to $X in 2023, growing by X% against the previous year. The total consumption indicated a measured 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, consumption increased by X% against 2019 indices. As a result, consumption reached 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 in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained 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 skyrocketed to X units in 2023, picking up by X% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, agricultural harvester exports soared to $X in 2023. Total exports indicated a notable increase 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 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in years to come.

Exports by Country

The shipments of the three major exporters of agricultural harvesters, namely Italy, Germany and Belarus, represented more than third of total export. It was distantly followed by Denmark (X units), Spain (X units), Austria (X units), Belgium (X units) and the Netherlands (X units), together generating a X% share of total exports. The UK (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (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.

In Germany, agricultural harvester exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, with an increase of X% against the previous year. Export price indicated a measured increase 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, agricultural harvester export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 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 ($X per unit), while Denmark ($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 leaders experienced more modest paces of growth.

Agricultural Harvester Imports

Imports in Europe

For the fifth year in a row, Europe recorded growth in supplies from abroad of agricultural harvesters, which increased by X% to X units in 2023. Over the period under review, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, agricultural harvester imports surged to $X in 2023. Total imports indicated a moderate 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, France (X units) was the largest importer of agricultural harvesters, generating X% of total imports. Russia (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Germany (X%) and Belgium (X%). The following importers - Slovakia (X units), Portugal (X units), the Netherlands (X units), the UK (X units), Romania (X units), Ukraine (X units), Sweden (X units) and Spain (X units) - together made up X% of total imports.

Imports into France increased at an average annual rate of X% from 2012 to 2023. At the same time, Portugal (X%), Slovakia (X%), Italy (X%), Belgium (X%), Germany (X%), Sweden (X%), the Netherlands (X%), Romania (X%) and the UK (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Ukraine (X%), Spain (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of France, Italy, Portugal, Slovakia, Belgium and Germany increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported agricultural harvesters in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

In France, agricultural harvester imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices failed to regain momentum.

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 UK ($X per unit), while Portugal ($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 leaders experienced more modest paces of growth.

Source: IndexBox Platform