Overview of the Market for Straw For Fodder Balers in the United Arab Emirates
In value terms, straw for fodder balers production stood at $ in 2018 estimated in export prices. Overall, straw for fodder balers production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when production volume increased by % y-o-y. Over the period under review, straw for fodder balers production attained its peak figure level in 2018 and is expected to retain its growth in the near future.
The revenue of the straw for fodder balers market in the United Arab Emirates amounted to $ in 2018, 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). In general, the total market indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, straw for fodder balers consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Straw for fodder balers consumption peaked in 2018 and is likely to see steady growth in the in years to come.