Northern America: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Northern America

For the third consecutive year, the North American agricultural harvester market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Agricultural Harvester Production in Northern America

In value terms, agricultural harvester production reached $X in 2023 estimated in export price. Over the period under review, production, however, saw a slight downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports in Northern America

In 2023, shipments abroad of agricultural harvesters increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, agricultural harvester exports surged to $X in 2023. In general, exports recorded a mild increase. The growth pace was the most rapid in 2022 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

The United States dominates exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X units), achieving an X% share of total exports.

The United States was also the fastest-growing in terms of the agricultural harvesters exports, with a CAGR of X% from 2012 to 2023. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest agricultural harvester supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States amounted to X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

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 the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Agricultural Harvester Imports

Imports in Northern America

Agricultural harvester imports declined to X units in 2023, waning by X% against 2022. Total imports indicated a resilient increase from 2012 to 2023: its volume 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 most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, agricultural harvester imports soared to $X in 2023. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

The United States represented the major importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Canada (X units), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the agricultural harvesters imports, with a CAGR of X% from 2012 to 2023. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest agricultural harvester importing markets in Northern America were Canada ($X) and the United States ($X).

The United States, 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.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform