Overview of the Global Market for Parts Of Harvester And Threshers

Market Size for Parts Of Harvester And Threshers

The global market for parts of harvester and threshers expanded sharply to $X in 2021, growing by 8% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Parts Of Harvester And Threshers

In value terms, parts of harvester and threshers production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.9% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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Exports of Parts Of Harvester And Threshers

Exports

In 2021, the amount of parts of harvester and threshers exported worldwide surged to X units, with an increase of 26% against the previous year's figure. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units), the United States (X units), Italy (X units), Poland (X units) and the Czech Republic (X units) were the major exporters of parts of harvester and threshers, together mixing up 61% of total exports. The following exporters - Hungary (X units), Canada (X units), Belgium (X units), Mexico (X units), Turkey (X units), Brazil (X units) and the Netherlands (X units) - together made up 22% of total exports.

From 2012 to 2021, average annual rates of growth with regard to parts of harvester and threshers exports from China stood at +12.2%. At the same time, Mexico (+16.3%), Brazil (+11.0%), Turkey (+8.8%), Italy (+3.1%), Poland (+3.1%), Belgium (+3.1%), the Netherlands (+2.4%), Germany (+1.9%) and the Czech Republic (+1.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.3% from 2012-2021. Hungary experienced a relatively flat trend pattern. By contrast, Canada (-1.5%) and the United States (-5.9%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) and Mexico (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.7 p.p.), Hungary (-2.1 p.p.), Canada (-2.4 p.p.) and the United States (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 41% share of global exports.

In terms of the main exporting countries, China, with a CAGR of +13.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 4.6%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the other global leaders experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports

In 2021, overseas purchases of parts of harvester and threshers increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% 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.

In value terms, parts of harvester and threshers imports surged to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), Germany (X units) and France (X units) represented the major importer of parts of harvester and threshers in the world, achieving 37% of total import. It was distantly followed by Belgium (X units), making up a 5.1% share of total imports. The following importers - Poland (X units), Austria (X units), Canada (X units), Mexico (X units), Russia (X units), Brazil (X units), Italy (X units), the Netherlands (X units) and the UK (X units) - together made up 29% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +12.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 37% of global imports.

Among the main importing countries, Belgium, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, falling by -2.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4.8% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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