Global Disc Harrow Market
In value terms, disc harrow production amounted to $ in estimated in export price. In general, the total production indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by %. Global production peaked at $ in 2018; afterwards, it flattened through to .
China ( units) remains the largest disc harrow producing country worldwide, comprising approx. % of total volume. Moreover, disc harrow production in China exceeded the figures recorded by the second-largest producer, India ( units), threefold. Brazil ( units) ranked third in terms of total production with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China amounted to +%. In the other countries, the average annual rates were as follows: India (+% per year) and Brazil (+% per year).
The global disc harrow market value rose slightly to $ in , increasing by % 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, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, the global market reached the peak level in and is likely to see steady growth in the immediate term.
From 2007 to , the average annual growth rate of volume in China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and the United States (+% per year).
In value terms, the largest disc harrow markets worldwide were China ($), India ($) and the United States ($), with a combined % share of the global market. These countries were followed by Russia, Pakistan, Bangladesh, the UK, Mexico, South Korea, France, Brazil, Nigeria and Turkey, which together accounted for a further %.
In terms of the main consuming countries, Nigeria, with a CAGR of +%, saw the highest rates of growth with regard to market size, over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of disc harrow per capita consumption in were the UK ( units per million persons), France ( units per million persons) and Russia ( units per million persons).
From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.