Harvesting Machinery Market

The global root or tuber harvesting machine market is projected to show a moderate increase in consumption and value over the period from 2022 to 2030, with a forecasted CAGR of +0.4% for consumption and +2.2% for value. Although there was a slight decrease in consumption in 2022, the market has shown consistent growth over the years. Key consuming countries include Brazil, China, and the United States, while Poland emerged as a notable producer. Import and export trends indicate fluctuating patterns, with Germany leading in exports and Belgium following closely behind. Overall, the market is expected to continue on a steady growth trajectory.

Market Forecast

Driven by increasing demand for root or tuber harvesting machines 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 +0.4% for the period from 2022 to 2030, which is projected to bring the market volume to 151K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market value to $7.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Root Or Tuber Harvesting Machines

After two years of growth, consumption of root or tuber harvesting machines decreased by -5.8% to 146K units in 2022. The total consumption volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, global consumption reached the peak volume at 155K units in 2021, and then declined in the following year.

The global harvesting machinery market value dropped modestly to $6.1B in 2022, reducing by -3.5% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $7.8B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Brazil (41K units), China (22K units) and the United States (15K units), with a combined 53% share of global consumption. India, Italy, France, Russia, Pakistan, Japan, Indonesia and Germany lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +16.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($1.6B), China ($1.1B) and the United States ($953M) were the countries with the highest levels of market value in 2022, together accounting for 59% of the global market. India, Italy, France, Russia, Japan, Germany, Indonesia and Pakistan lagged somewhat behind, together accounting for a further 19%.

Among the main consuming countries, Italy, with a CAGR of +13.3%, saw the highest growth rate of 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 harvesting machinery per capita consumption was registered in Brazil (190 units per million persons), followed by Italy (79 units per million persons), France (63 units per million persons) and the United States (46 units per million persons), while the world average per capita consumption of harvesting machinery was estimated at 19 units per million persons.

In Brazil, harvesting machinery per capita consumption expanded at an average annual rate of +5.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Italy (+16.3% per year) and France (+7.6% per year).

Production

World Production of Root Or Tuber Harvesting Machines

In 2022, after two years of growth, there was significant decline in production of root or tuber harvesting machines, when its volume decreased by -8.6% to 144K units. The total output volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Global production peaked at 157K units in 2021, and then contracted in the following year.

In value terms, harvesting machinery production amounted to $5.1B in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.8% against the previous year. Global production peaked at $6.8B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Brazil (41K units), China (22K units) and the United States (15K units), with a combined 54% share of global production. India, Italy, Pakistan, Japan, Poland, Germany, Russia and Indonesia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Poland (with a CAGR of +19.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Root Or Tuber Harvesting Machines

In 2022, overseas purchases of root or tuber harvesting machines increased by 24% to 14K units, rising for the third year in a row after three years of decline. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 130% against the previous year. Over the period under review, global imports hit record highs at 34K units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, harvesting machinery imports declined modestly to $433M in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 36%. Global imports peaked at $456M in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, France (4.1K units), distantly followed by Belgium (2K units), Poland (1.3K units), Russia (1K units) and Italy (0.7K units) represented the main importers of root or tuber harvesting machines, together making up 63% of total imports. The Czech Republic (594 units), the United States (531 units), Germany (407 units), the Netherlands (400 units), Canada (332 units), the UK (328 units), Denmark (269 units) and Croatia (234 units) followed a long way behind the leaders.

Imports into France increased at an average annual rate of +21.1% from 2012 to 2022. At the same time, Italy (+39.6%), Belgium (+28.4%), the United States (+24.8%), Croatia (+23.2%), the Czech Republic (+18.6%), Poland (+14.7%), Germany (+10.4%) and Denmark (+5.7%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of +39.6% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, the UK (-1.1%), Canada (-2.0%) and the Netherlands (-9.9%) illustrated a downward trend over the same period. France (+19 p.p.), Belgium (+11 p.p.), Italy (+4.3 p.p.), Poland (+4.2 p.p.), the United States (+2.8 p.p.) and the Czech Republic (+2.5 p.p.) significantly strengthened its position in terms of the global imports, while the UK, Canada, Russia and the Netherlands saw its share reduced by -3.1%, -3.6%, -8.7% and -13.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($77M), France ($68M) and the UK ($36M) constituted the countries with the highest levels of imports in 2022, with a combined 42% share of global imports. Canada, the Netherlands, Belgium, Denmark, Germany, Poland, the United States, the Czech Republic, Italy and Croatia lagged somewhat behind, together accounting for a further 31%.

The United States, with a CAGR of +11.1%, saw 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 harvesting machinery import price amounted to $30,063 per unit, falling by -19.5% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 593% against the previous year. Global import price peaked at $73,350 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($108,239 per unit), while Italy ($3,618 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Root Or Tuber Harvesting Machines

In 2022, after two years of growth, there was significant decline in shipments abroad of root or tuber harvesting machines, when their volume decreased by -12.7% to 12K units. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports attained the peak of 14K units, and then dropped in the following year.

In value terms, harvesting machinery exports fell slightly to $490M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 24% against the previous year. Over the period under review, the global exports hit record highs at $507M in 2021, and then dropped in the following year.

Exports By Country

Poland was the largest exporting country with an export of about 3.6K units, which resulted at 30% of total exports. Italy (1.4K units) ranks second in terms of the total exports with an 11% share, followed by Denmark (10%), the Netherlands (9.9%), Germany (9.5%), Spain (7.3%) and Belgium (5%).

Exports from Poland increased at an average annual rate of +27.4% from 2012 to 2022. At the same time, Spain (+28.2%), Denmark (+21.6%) and Italy (+16.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.2% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-4.0%) and Germany (-10.1%) illustrated a downward trend over the same period. While the share of Poland (+25 p.p.), Denmark (+7.8 p.p.), Italy (+7.1 p.p.) and Spain (+6.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-5 p.p.), Belgium (-7.3 p.p.) and Germany (-35.3 p.p.) displayed negative dynamics.

In value terms, Germany ($256M) remains the largest harvesting machinery supplier worldwide, comprising 52% of global exports. The second position in the ranking was held by Belgium ($81M), with a 16% share of global exports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+2.8% per year) and the Netherlands (+2.9% per year).

Export Prices By Country

In 2022, the average harvesting machinery export price amounted to $39,907 per unit, increasing by 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. As a result, the export price reached the peak level of $69,857 per unit. From 2017 to 2022, the average 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 Germany ($219,113 per unit), while Spain ($4,589 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform