EU: Disc Harrow Market 2024

Disc Harrow Market Size in the EU

The EU disc harrow market declined modestly to $X in 2023, dropping by X% against the previous year. The total consumption indicated a perceptible increase 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, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Disc Harrow Production in the EU

In value terms, disc harrow production contracted to $X in 2023 estimated in export price. In general, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2022, and then dropped in the following year.

Disc Harrow Exports

Exports in the EU

In 2023, shipments abroad of disc harrows was finally on the rise to reach X units after four years of decline. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, disc harrow exports skyrocketed to $X in 2023. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

Exports by Country

In 2023, Poland (X units), Italy (X units) and Germany (X units) was the largest exporter of disc harrows in the European Union, committing X% of total export. It was distantly followed by France (X units) and the Czech Republic (X units), together making up a X% share of total exports. Spain (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest disc harrow supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Germany, disc harrow exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Italy ($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.

Disc Harrow Imports

Imports in the EU

In 2023, supplies from abroad of disc harrows decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, disc harrow imports skyrocketed to $X in 2023. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Poland (X units), distantly followed by Spain (X units), France (X units), Romania (X units), Bulgaria (X units) and Germany (X units) represented the key importers of disc harrows, together achieving X% of total imports. Lithuania (X units), Denmark (X units), Greece (X units), Italy (X units), Croatia (X units), Austria (X units) and Slovenia (X units) followed a long way behind the leaders.

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

In value terms, France ($X) constitutes the largest market for imported disc harrows in the European Union, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

In France, disc harrow imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, picking up by X% against the previous year. In general, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform