Agricultural Forestry Machinery Market

The article discusses the increasing demand for agricultural forestry machinery worldwide, with a projected growth in market volume and value from 2022 to 2030. It covers consumption, production, imports, and exports of lawn or sportsground rollers in various countries, highlighting trends in market performance and consumption patterns. The data also includes information on the top consuming and producing countries, as well as insights into pricing trends and growth rates over the past decade.

Market Forecast

Driven by increasing demand for agricultural forestry machinery (lawn or sportsground rollers) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 9.6M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $14.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Agricultural Forestry Machinery (Lawn Or Sportsground Rollers)

In 2022, approx. 6.7M units of agricultural forestry machinery (lawn or sportsground rollers) were consumed worldwide; therefore, remained relatively stable against 2021 figures. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. Global consumption peaked at 6.9M units in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global agricultural forestry machinery market value was estimated at $8.4B in 2022, picking up by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Over the period under review, the global market attained the peak level at $8.5B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Austria (1.1M units), China (917K units) and the United States (765K units), together comprising 41% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Austria (with a CAGR of +15.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery markets worldwide were the United States ($1.2B), China ($1.1B) and India ($795M), with a combined 37% share of the global market. Germany, Pakistan, Mexico, France, Austria, Brazil, Japan, South Korea, Egypt and the UK lagged somewhat behind, together accounting for a further 28%.

Among the main consuming countries, Austria, with a CAGR of +18.0%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of agricultural forestry machinery per capita consumption was registered in Austria (120 units per 1000 persons), followed by France (3.2 units per 1000 persons), Germany (3.1 units per 1000 persons) and the UK (2.9 units per 1000 persons), while the world average per capita consumption of agricultural forestry machinery was estimated at 0.8 units per 1000 persons.

In Austria, agricultural forestry machinery per capita consumption expanded at an average annual rate of +15.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (+4.3% per year) and Germany (+12.9% per year).

Production

World Production of Agricultural Forestry Machinery (Lawn Or Sportsground Rollers)

In 2022, production of agricultural forestry machinery (lawn or sportsground rollers) decreased by -12.5% to 7M units for the first time since 2019, thus ending a two-year rising trend. In general, the total production indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. Global production peaked at 8.1M units in 2021, and then fell in the following year.

In value terms, agricultural forestry machinery production dropped modestly to $8.6B in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. Global production peaked at $8.7B in 2021, and then fell slightly in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.7M units), Austria (1.1M units) and India (468K units), with a combined 45% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Austria (with a CAGR of +16.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Agricultural Forestry Machinery (Lawn Or Sportsground Rollers)

In 2022, overseas purchases of agricultural forestry machinery (lawn or sportsground rollers) increased by 8.2% to 1.1M units, rising for the seventh consecutive year after two years of decline. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, agricultural forestry machinery imports expanded rapidly to $1.4B in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States was the main importer of agricultural forestry machinery (lawn or sportsground rollers) in the world, with the volume of imports resulting at 507K units, which was approx. 44% of total imports in 2022. France (56K units) held a 4.9% share (based on physical terms) of total imports, which put it in second place, followed by Germany (4.8%). Russia (44K units), Canada (39K units), the UK (34K units), Australia (28K units), Poland (28K units), Italy (24K units), Austria (22K units), Romania (20K units) and Spain (19K units) took a minor share of total imports.

The United States was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) imports, with a CAGR of +31.2% from 2012 to 2022. At the same time, Italy (+18.4%), Spain (+16.7%), Australia (+11.4%), the UK (+10.3%), Romania (+7.7%), Poland (+7.0%), Russia (+6.2%), France (+5.3%), Canada (+5.0%), Austria (+4.8%) and Germany (+1.3%) displayed positive paces of growth. The United States (+37 p.p.) significantly strengthened its position in terms of the global imports, while Canada, France and Germany saw its share reduced by -1.5%, -1.9% and -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural forestry machinery importing markets worldwide were the United States ($171M), France ($116M) and Germany ($108M), with a combined 27% share of global imports. Canada, the UK, Poland, Australia, Russia, Romania, Austria, Italy and Spain lagged somewhat behind, together accounting for a further 34%.

Italy, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average agricultural forestry machinery import price amounted to $1,259 per unit, falling by -1.8% against the previous year. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.8% against the previous year. Over the period under review, average import prices hit record highs at $2,029 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($2,270 per unit), while the United States ($338 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Agricultural Forestry Machinery (Lawn Or Sportsground Rollers)

After two years of growth, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -36.4% to 1.5M units in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 87%. As a result, the exports attained the peak of 2.3M units, and then declined markedly in the following year.

In value terms, agricultural forestry machinery exports declined slightly to $1.5B in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $1.6B, and then reduced modestly in the following year.

Exports By Country

China prevails in exports structure, finishing at 753K units, which was near 51% of total exports in 2022. It was distantly followed by Italy (125K units), constituting an 8.4% share of total exports. Canada (62K units), Germany (56K units), Poland (55K units), Denmark (49K units), the United States (41K units), the Netherlands (36K units) and Japan (31K units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) exports, with a CAGR of +39.6% from 2012 to 2022. At the same time, Poland (+8.9%), Canada (+7.9%), the Netherlands (+5.5%), Germany (+4.8%), Denmark (+4.7%), Italy (+3.0%) and Japan (+2.4%) displayed positive paces of growth. By contrast, the United States (-7.3%) illustrated a downward trend over the same period. China (+46 p.p.) significantly strengthened its position in terms of the global exports, while Denmark, Japan, Germany, Italy and the United States saw its share reduced by -1.9%, -2%, -2.1%, -7.2% and -11.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural forestry machinery supplying countries worldwide were Italy ($285M), Germany ($174M) and the Netherlands ($129M), with a combined 38% share of global exports. Canada, China, the United States, Denmark, Poland and Japan lagged somewhat behind, together accounting for a further 32%.

Poland, with a CAGR of +11.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average agricultural forestry machinery export price amounted to $1,038 per unit, rising by 55% against the previous year. In general, the export price, however, showed a abrupt curtailment. The global export price peaked at $1,867 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($3,608 per unit), while China ($152 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform