EU: Combine Harvester Market 2024

Combine Harvester Market Size in the EU

In 2023, after two years of decline, there was significant growth in the EU combine harvester market, when its value increased by X% to $X. Over the period under review, consumption saw moderate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Combine Harvester Production in the EU

In value terms, combine harvester production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a slight expansion 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Combine Harvester Exports

Exports in the EU

In 2023, shipments abroad of combine harvester-threshers increased by X% to X units, rising for the fourth consecutive year after two years of decline. Total exports indicated notable growth from 2012 to 2023: its volume 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, combine harvester exports soared to $X in 2023. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

Exports by Country

In 2023, Germany (X units), distantly followed by Poland (X units), Belgium (X units), the Netherlands (X units), Italy (X units), Denmark (X units) and France (X units) represented the key exporters of combine harvester-threshers, together making up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest combine harvester supplying countries in the European Union were Germany ($X), Belgium ($X) and Poland ($X), with a combined X% share of total exports. Italy, the Netherlands, France and Denmark lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Combine Harvester Imports

Imports in the EU

In 2023, supplies from abroad of combine harvester-threshers increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, combine harvester imports soared to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, France (X units) and Spain (X units) represented the key importers of combine harvester-threshers in the European Union, together amounting to approx. X% of total imports. Poland (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%), Germany (X%) and Romania (X%). Slovakia (X units), Bulgaria (X units), Italy (X units), Lithuania (X units), Hungary (X units), Denmark (X units) and Croatia (X units) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest combine harvester importing markets in the European Union were France ($X), Poland ($X) and Germany ($X), together accounting for X% of total imports. Bulgaria, Romania, Belgium, Hungary, Lithuania, Denmark, Italy, Spain, Slovakia and Croatia lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per unit), while Spain ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform