U.S.: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the U.S.

The U.S. market for parts of harvester and threshers skyrocketed to $X in 2021, with an increase of 33% against the previous year. Over the period under review, consumption, however, recorded a slight contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in the U.S.

In value terms, parts of harvester and threshers production amounted to $X in 2021. Over the period under review, production, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 6.4%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from the U.S.

In 2021, shipments abroad of parts of harvester and threshers increased by 7.4% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 18%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for parts of harvester and threshers exports from the United States, with a 46% share of total exports. Moreover, parts of harvester and threshers exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was taken by Brazil (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.7% per year) and Brazil (-8.1% per year).

In value terms, Canada ($X) remains the key foreign market for parts of harvester and threshers exports from the United States, comprising 28% of total exports. The second position in the ranking was taken by Australia ($X), with a 14% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+7.5% per year) and Brazil (-2.3% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, growing by 27% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers export price increased by +77.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 33%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into the U.S.

In 2021, supplies from abroad of parts of harvester and threshers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest parts of harvester and threshers supplier to the United States, with a 48% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), sixfold. Mexico (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.9% per year) and Mexico (+12.5% per year).

In value terms, the largest parts of harvester and threshers suppliers to the United States were Canada ($X), China ($X) and Germany ($X), together comprising 62% of total imports. These countries were followed by Mexico, Italy, Japan, the Netherlands, India, Poland, France, Vietnam, Taiwan (Chinese) and Israel, which together accounted for a further 28%.

In terms of the main suppliers, Vietnam, with a CAGR of +47.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, waning by -26.6% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 11%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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