Africa: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Africa

In 2023, the African straw for fodder balers market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Straw Or Fodder Balers, Including Pickup Balers in Africa

In value terms, straw for fodder balers production rose to $X in 2023 estimated in export price. The total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports in Africa

In 2023, after two years of growth, there was significant decline in overseas shipments of straw or fodder balers, including pickup balers, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2022, and then shrank in the following year.

In value terms, straw for fodder balers exports shrank to $X in 2023. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank slightly in the following year.

Exports by Country

South Africa represented the largest exporter of straw or fodder balers, including pickup balers in Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2023. Uganda (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%) and Zimbabwe (X%). Botswana (X units), Kenya (X units) and Niger (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to straw for fodder balers exports from South Africa stood at X%. At the same time, Uganda (X%), Namibia (X%), Zimbabwe (X%) and Niger (X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Kenya experienced a relatively flat trend pattern. By contrast, Botswana (X%) illustrated a downward trend over the same period. Uganda (X p.p.), Namibia (X p.p.), Botswana (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total exports, while Kenya and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest straw for fodder balers supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total exports. It was followed by Niger, with a X% share.

In South Africa, straw for fodder balers exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Niger (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports in Africa

Straw for fodder balers imports shrank significantly to X units in 2023, with a decrease of X% compared with 2022 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, straw for fodder balers imports contracted to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

South Africa was the largest importer of straw or fodder balers, including pickup balers in Africa, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Morocco (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%), Zimbabwe (X%) and Sudan (X%). Libya (X units), Algeria (X units), Egypt (X units), Mozambique (X units), Zambia (X units), Namibia (X units), South Sudan (X units) and Tanzania (X units) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to straw for fodder balers imports into South Africa stood at X%. At the same time, Mozambique (X%), South Sudan (X%), Algeria (X%), Libya (X%), Tanzania (X%), Zimbabwe (X%), Sudan (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Namibia and Zambia experienced a relatively flat trend pattern. By contrast, Tunisia (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.), Morocco (X p.p.), Sudan (X p.p.), Mozambique (X p.p.), Algeria (X p.p.), Libya (X p.p.) and South Sudan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Tunisia (X p.p.), Egypt (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported straw or fodder balers, including pickup balers in Africa, comprising X% of total imports. The second position in the ranking was held by Tunisia ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

In South Africa, straw for fodder balers imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, with an increase of X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, straw for fodder balers import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform