GCC: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in GCC

The GCC straw for fodder balers market totaled $X in 2022, almost unchanged from the previous year. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Straw Or Fodder Balers, Including Pickup Balers in GCC

In value terms, straw for fodder balers production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in GCC

In 2022, overseas shipments of straw or fodder balers, including pickup balers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, straw for fodder balers exports shrank significantly to $X in 2022. In general, exports faced a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Kuwait (X units) ranks second in terms of the total exports with a X% share, followed by Oman (X%).

The United Arab Emirates was also the fastest-growing in terms of the straw or fodder balers, including pickup balers exports, with a CAGR of X% from 2012 to 2022. Kuwait experienced a relatively flat trend pattern. Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest straw for fodder balers supplying countries in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X).

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in GCC

In 2022, the amount of straw or fodder balers, including pickup balers imported in GCC contracted remarkably to X units, which is down by X% against the year before. Over the period under review, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, straw for fodder balers imports declined rapidly to $X in 2022. Overall, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), Kuwait (X units) and Qatar (X units) represented the largest importer of straw or fodder balers, including pickup balers in GCC, generating X% of total import. It was distantly followed by Oman (X units), making up a X% share of total imports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest straw for fodder balers importing markets in GCC were Kuwait ($X), Qatar ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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