EU: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in the EU

The EU hay-making machinery market surged to $X in 2023, growing by X% against the previous year. The total consumption indicated noticeable growth 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 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hay-Making Machinery Production in the EU

In value terms, hay-making machinery production contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production reached the peak level of $X, and then contracted in the following year.

Hay-Making Machinery Exports

Exports in the EU

In 2023, after three years of growth, there was significant decline in overseas shipments of hay-making machinery, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2022, and then contracted in the following year.

In value terms, hay-making machinery exports expanded significantly to $X in 2023. Total exports indicated a noticeable 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Germany (X units) and Italy (X units) represented the key exporters of hay-making machinery in 2023, reaching near X% and X% of total exports, respectively. It was distantly followed by the Czech Republic (X units), France (X units), Denmark (X units), Austria (X units) and Poland (X units), together making up a X% share of total exports.

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

In value terms, Germany ($X) remains the largest hay-making machinery supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (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, rising by X% against the previous year. In general, the export price, however, recorded a mild descent. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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 Austria ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Hay-Making Machinery Imports

Imports in the EU

In 2023, supplies from abroad of hay-making machinery increased by X% to X units, rising for the seventh consecutive year after four years of decline. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, hay-making machinery imports expanded notably to $X in 2023. Total imports indicated a perceptible 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, Ireland (X units) represented the largest importer of hay-making machinery, creating X% of total imports. Germany (X units) took the second position in the ranking, distantly followed by France (X units) and the Netherlands (X units). All these countries together held approx. X% share of total imports. The following importers - Italy (X units), Romania (X units), Belgium (X units), Denmark (X units), Austria (X units), the Czech Republic (X units), Spain (X units) and Poland (X units) - together made up X% of total imports.

Ireland was also the fastest-growing in terms of the hay-making machinery imports, with a CAGR of X% from 2012 to 2023. At the same time, Belgium (X%), Denmark (X%), Spain (X%), Romania (X%), the Czech Republic (X%), Italy (X%), the Netherlands (X%), Austria (X%), Germany (X%) and France (X%) displayed positive paces of growth. By contrast, Poland (X%) illustrated a downward trend over the same period. Ireland (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while Austria, the Netherlands, Poland, France and Germany saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hay-making machinery importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together accounting for X% of total imports. Austria, the Netherlands, the Czech Republic, Denmark, Ireland, Poland, Romania, Belgium and Spain lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform