Threshing Machinery Market Overview in Germany
Market Overview
After two years of growth, the German threshing machinery market decreased by -
% to $ in 2019. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
In value terms, threshing machinery production declined to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2018, and then dropped in the following year.
% to $ in 2019. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.In value terms, threshing machinery production declined to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2018, and then dropped in the following year.Consumption
In 2019, consumption of threshing machinery except combine harvester-threshers decreased by -% to tonnes, falling for the fifth year in a row after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Over the period under review, consumption attained the maximum volume at tonnes in 2014; however, from 2015 to 2019, consumption remained at a lower figure.
The revenue of the threshing machinery market in Germany reduced to $ in 2019, which is down 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, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Threshing machinery consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
% to tonnes, falling for the fifth year in a row after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Over the period under review, consumption attained the maximum volume at tonnes in 2014; however, from 2015 to 2019, consumption remained at a lower figure.The revenue of the threshing machinery market in Germany reduced to $
in 2019, which is down 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, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Threshing machinery consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for threshing machinery in Germany, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of threshing machinery in Germany were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for threshing machinery.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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