Manure Spreader Market

The article provides an in-depth analysis of the global market for manure spreaders and fertilizer distributors from 2022 to 2030. It covers consumption and production trends, as well as import and export data for the top countries involved in the industry. Key points include the forecasted CAGR for market growth, changes in consumption patterns, and the significant differences in import and export prices among major players. The data presented in the article offer valuable insights into the future direction of the industry and potential opportunities for growth.

Market Forecast

Driven by increasing demand for manure spreaders and fertilizer distributors worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 864K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $12.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Manure Spreaders And Fertilizer Distributors

In 2022, consumption of manure spreaders and fertilizer distributors decreased by -4.6% to 720K units for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, showed a prominent increase. Over the period under review, global consumption hit record highs at 755K units in 2021, and then reduced slightly in the following year.

The global manure spreader market size shrank to $8.8B in 2022, with a decrease of -4.4% 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). Overall, consumption, however, posted a buoyant increase. Global consumption peaked at $9.2B in 2021, and then declined modestly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (104K units), the United States (80K units) and Italy (79K units), together comprising 36% of global consumption. Brazil, Indonesia, Pakistan, Nigeria, Germany, Bangladesh, Ethiopia, Turkey, South Korea and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +21.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest manure spreader markets worldwide were the United States ($1.5B), China ($888M) and Brazil ($743M), together comprising 36% of the global market.

The United States, with a CAGR of +19.8%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of manure spreader per capita consumption was registered in Italy (1,336 units per million persons), followed by Brazil (265 units per million persons), the United States (239 units per million persons) and South Korea (226 units per million persons), while the world average per capita consumption of manure spreader was estimated at 92 units per million persons.

From 2012 to 2022, the average annual growth rate of the manure spreader per capita consumption in Italy totaled +6.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Brazil (+1.3% per year) and the United States (+20.4% per year).

Production

World Production of Manure Spreaders And Fertilizer Distributors

In 2022, production of manure spreaders and fertilizer distributors decreased by -5% to 715K units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 27%. Global production peaked at 753K units in 2021, and then declined in the following year.

In value terms, manure spreader production fell slightly to $7.5B in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +67.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Global production peaked at $7.8B in 2021, and then dropped modestly in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were China (103K units), the United States (80K units) and Italy (79K units), with a combined 37% share of global production. Brazil, Indonesia, Pakistan, Germany, Nigeria, Bangladesh, Ethiopia, Turkey, South Korea and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +17.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Manure Spreaders And Fertilizer Distributors

In 2022, approx. 6.6K units of manure spreaders and fertilizer distributors were imported worldwide; rising by 19% compared with the year before. In general, imports, however, recorded a abrupt contraction. Over the period under review, global imports attained the maximum at 33K units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, manure spreader imports expanded significantly to $106M in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Global imports peaked at $490M in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Nigeria (753 units), China (694 units), Burundi (649 units), Romania (508 units), Austria (507 units), Japan (425 units), Norway (423 units), Ireland (412 units), Hungary (363 units) and Italy (290 units) was the key importer of manure spreaders and fertilizer distributors in the world, generating 76% of total import. The following importers - Iraq (139 units), Spain (117 units) and Cuba (111 units) - each finished at a 5.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Burundi (with a CAGR of +38.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Romania ($13M), Japan ($11M) and Austria ($10M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 32% of global imports. China, Norway, Hungary, Italy, Cuba, Ireland, Spain, Nigeria, Burundi and Iraq lagged somewhat behind, together comprising a further 43%.

In terms of the main importing countries, Cuba, with a CAGR of +35.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average manure spreader import price stood at $16,116 per unit in 2022, waning by -8.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. As a result, import price attained the peak level of $18,594 per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cuba ($47,928 per unit), while Burundi ($1,208 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+6.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Manure Spreaders And Fertilizer Distributors

In 2022, overseas shipments of manure spreaders and fertilizer distributors decreased by -60.2% to 1.1K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. Over the period under review, the global exports hit record highs at 39K units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, manure spreader exports dropped to $28M in 2022. In general, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 15%. Over the period under review, the global exports reached the maximum at $538M in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, Austria (274 units), distantly followed by Ireland (125 units), Hungary (84 units) and South Korea (76 units) represented the major exporters of manure spreaders and fertilizer distributors, together creating 51% of total exports. Romania (48 units), Slovenia (46 units), Tanzania (45 units), Norway (45 units), Kazakhstan (40 units), Colombia (35 units), Japan (30 units), the United Arab Emirates (30 units) and Taiwan (Chinese) (29 units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to manure spreader exports from Austria stood at +5.7%. At the same time, Colombia (+27.8%), Kazakhstan (+25.9%), Norway (+24.6%), the United Arab Emirates (+22.3%), Romania (+13.1%), Taiwan (Chinese) (+7.6%), Tanzania (+5.2%) and South Korea (+5.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.8% from 2012-2022. By contrast, Japan (-2.8%), Hungary (-10.6%), Ireland (-10.9%) and Slovenia (-16.3%) illustrated a downward trend over the same period. Austria (+25 p.p.), Ireland (+10 p.p.), Hungary (+7 p.p.), South Korea (+6.8 p.p.), Romania (+4.4 p.p.), Norway (+4.1 p.p.), Tanzania (+4.1 p.p.), Kazakhstan (+3.7 p.p.), Slovenia (+3.5 p.p.), Colombia (+3.2 p.p.), the United Arab Emirates (+2.7 p.p.), Japan (+2.6 p.p.) and Taiwan (Chinese) (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest manure spreader supplying countries worldwide were Austria ($6.7M), Ireland ($6M) and South Korea ($2.4M), with a combined 54% share of global exports. Taiwan (Chinese), the United Arab Emirates, Romania, Hungary, Slovenia, Tanzania, Japan, Norway, Colombia and Kazakhstan lagged somewhat behind, together accounting for a further 35%.

The United Arab Emirates, with a CAGR of +33.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average manure spreader export price amounted to $25,387 per unit, increasing by 137% against the previous year. Over the period under review, the export price showed buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($59,284 per unit), while Kazakhstan ($8,799 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform