Root Or Tuber Harvesting Machine Market

The global market for root or tuber harvesting machines is forecasted to increase in both volume and value terms over the next eight years. In 2022, global consumption, production, imports, and exports of these machines are analyzed, along with key trends in prices. The top importing and exporting countries, as well as their growth rates over the past decade, are also highlighted.

Market Forecast

Driven by increasing demand for root or tuber harvesting machines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 23K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $683M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Root Or Tuber Harvesting Machines

In 2022, global consumption of root or tuber harvesting machines soared to 21K units, picking up by 16% against the year before. In general, consumption showed a relatively flat trend pattern. Global consumption peaked at 25K units in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The value of the market for root or tuber harvesting machines worldwide reached $465M in 2022, growing by 6.5% 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). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $535M in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Netherlands (4.8K units), Greece (4.7K units) and France (3.2K units), together accounting for 60% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by France (with a CAGR of +42.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest root or tuber harvesting machine markets worldwide were the Netherlands ($61M), Greece ($41M) and France ($36M), with a combined 30% share of the global market.

Among the main consuming countries, France, with a CAGR of +41.7%, saw the highest growth rate of 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 root or tuber harvesting machine per capita consumption in 2022 were Greece (444 units per million persons), the Netherlands (276 units per million persons) and Slovakia (126 units per million persons).

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +41.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Root Or Tuber Harvesting Machines

In 2022, production of root or tuber harvesting machines was finally on the rise to reach 25K units after four years of decline. In general, production saw a relatively flat trend pattern. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, root or tuber harvesting machine production contracted to $421M in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +5.1% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Global production peaked at $578M in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the Netherlands (5.6K units), Italy (5.5K units) and Greece (4.7K units), together accounting for 64% of global production. Spain, Poland, Denmark, the UK and Turkey lagged somewhat behind, together accounting for a further 30%.

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

Imports

World Imports of Root Or Tuber Harvesting Machines

In 2022, approx. 5.3K units of root or tuber harvesting machines were imported worldwide; growing by 47% compared with the previous year's figure. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 238%. As a result, imports attained the peak of 6.6K units. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, root or tuber harvesting machine imports expanded markedly to $27M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 56% against the previous year. As a result, imports reached the peak of $47M. From 2018 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

France represented the major importer of root or tuber harvesting machines in the world, with the volume of imports finishing at 3.3K units, which was near 62% of total imports in 2022. It was distantly followed by Slovakia (548 units), constituting a 10% share of total imports. Germany (218 units), the Netherlands (216 units), Cyprus (212 units), Romania (178 units), Croatia (136 units) and Poland (123 units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to root or tuber harvesting machine imports into France stood at +30.7%. At the same time, Cyprus (+95.3%), Romania (+23.8%), Slovakia (+21.2%), Croatia (+20.0%), Germany (+6.2%) and Poland (+1.2%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing importer imported in the world, with a CAGR of +95.3% from 2012-2022. By contrast, the Netherlands (-2.6%) illustrated a downward trend over the same period. France (+51 p.p.), Slovakia (+6.7 p.p.), Cyprus (+4 p.p.), Romania (+2.4 p.p.) and Croatia (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Poland and the Netherlands saw its share reduced by -2.6% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest root or tuber harvesting machine importing markets worldwide were the Netherlands ($4.5M), France ($3.9M) and Germany ($2.7M), with a combined 42% share of global imports. Poland, Romania, Croatia, Slovakia and Cyprus lagged somewhat behind, together comprising a further 20%.

Croatia, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for root or tuber harvesting machines amounted to $5,020 per unit, falling by -28.4% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 94%. Over the period under review, average import prices hit record highs at $24,715 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($20,959 per unit), while Cyprus ($242 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Root Or Tuber Harvesting Machines

Global root or tuber harvesting machine exports reduced to 8.6K units in 2022, with a decrease of -5.3% against 2021. Overall, exports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 340%. As a result, the exports attained the peak of 14K units. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, root or tuber harvesting machine exports fell to $59M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 32% against the previous year. Over the period under review, the global exports hit record highs at $60M in 2021, and then fell in the following year.

Exports By Country

Italy was the main exporter of root or tuber harvesting machines in the world, with the volume of exports amounting to 2.9K units, which was approx. 34% of total exports in 2022. Poland (1.5K units) took the second position in the ranking, followed by Denmark (1.2K units), the Netherlands (1K units) and Spain (0.8K units). All these countries together held approx. 52% share of total exports. The Czech Republic (270 units) and Belgium (209 units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of +56.8%), while the other global leaders experienced more modest paces of growth.

In value terms, Denmark ($16M), Belgium ($11M) and Italy ($9.3M) were the countries with the highest levels of exports in 2022, together accounting for 61% of global exports. The Netherlands, Spain, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, the Czech Republic, with a CAGR of +28.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for root or tuber harvesting machines stood at $6,868 per unit in 2022, rising by 3.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $14,816 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

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 Belgium ($51,933 per unit), while the Czech Republic ($867 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.0%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform