Switzerland: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Switzerland

The Swiss agricultural harvester market surged to $X in 2023, growing by X% against the previous year. Overall, the total consumption indicated moderate growth 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Agricultural Harvester Production in Switzerland

In value terms, agricultural harvester production expanded modestly 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 throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Switzerland

For the fourth consecutive year, Switzerland recorded decline in overseas shipments of agricultural harvesters, which decreased by X% to X units in 2023. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, agricultural harvester exports fell to $X in 2023. In general, exports saw a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for agricultural harvester exports from Switzerland, with a X% share of total exports. Moreover, agricultural harvester exports to Serbia exceeded the volume sent to the second major destination, Germany (X units), fourfold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Germany ($X), France ($X) and Serbia ($X) were the largest markets for agricultural harvester exported from Switzerland worldwide, with a combined X% share of total exports. Italy, Poland, Australia, Croatia, Bosnia and Herzegovina, North Macedonia, Bulgaria, Albania and Romania lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average agricultural harvester export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Switzerland

In 2023, overseas purchases of agricultural harvesters decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, agricultural harvester imports surged to $X in 2023. The total import 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Germany (X units) constituted the largest agricultural harvester supplier to Switzerland, accounting for a X% share of total imports. Moreover, agricultural harvester imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

In value terms, Germany ($X) constituted the largest supplier of agricultural harvesters to Switzerland, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average agricultural harvester import price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, import price indicated modest growth 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 import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the UK ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform