Analyst: Wang Haile Publisher: QYR Research Center Date: 27 Apr, 2017
The report 2017 United States Agriculture Equipment Market Status and Future Trend published by QYR Research Center shows that U.S. agricultural equipment exports will continue to decline in 2017-18 in the absence of major increases in global agricultural commodity prices. Such increases are unlikely. High interest rates in markets such as Brazil and South Africa will further constrain the recovery of U.S. exports. Low interest rates in others, especially the Eurozone, may mitigate somewhat the effects of low agricultural commodity prices. Weak local currencies relative to the U.S. dollar will also remain a barrier to exports of U.S. agricultural equipment. Low petroleum prices, if they continue, will hold down farmers’ production costs, while restraining economic growth and demand for imported foodstuffs in petroleum-producing countries.
Table 2016 U.S. Exports at a Glance
|Equipment Types||Export (M USD)||Percent Of U.S. Agriculture Equipment Exports||Change 2013-2016||Change Jan-Jun 2016|
|For Grain, Oilseeds & Other Commodity Crops||3039.1||31.2%||-16.2%||-15.3%|
|Movers & Power Equipment||2071.8||21.3%||-5.5%||-12.0%|
|For Raising Livestock||820.9||8.4%||-3.2%||-4.9%|
|For Produce & High Value Crops||727.7||7.5%||-10.0%||-9.9%|
Source: QYR Agriculture Equipment Research Center, Apr 2017
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