EU: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in the EU

In 2022, the EU agricultural appliance market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Agricultural Appliance Production in the EU

In value terms, agricultural appliance production fell to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports in the EU

After four years of growth, shipments abroad of agricultural appliances decreased by X% to X units in 2022. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, agricultural appliance exports shrank slightly to $X in 2022. In general, exports recorded a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Spain (X units) and Italy (X units) represented the key exporters of agricultural appliances in the European Union, together creating X% of total exports. It was distantly followed by Greece (X units), Austria (X units) and France (X units), together committing a X% share of total exports. The following exporters - Bulgaria (X units) and the Netherlands (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and France ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Austria, Greece and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Bulgaria, with a CAGR of X%, saw 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 2022, flattening at the previous year. Overall, the export price, however, faced a drastic downturn. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced a decline in the export price figures.

Agricultural Appliance Imports

Imports in the EU

For the fifth consecutive year, the European Union recorded growth in purchases abroad of agricultural appliances, which increased by X% to X units in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, agricultural appliance imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Romania (X units), Spain (X units), France (X units), Italy (X units), the Netherlands (X units), Hungary (X units), Germany (X units), Bulgaria (X units), Portugal (X units) and Poland (X units) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in the European Union amounted to $X per unit, declining by X% against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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