. Page 1 • May 2013. Agrievolution
Economic Committee. Agritech Business Barometer. Public report of the survey.
Agrievolution Economic Committee
Agritech Business Barometer Public report of the survey about the worldwide situation of the agricultural machinery business May 2013 7th edition
Contact:
[email protected]
Page 1 • May 2013
Agrievolution Economic Committee
What is the Agritech Business Barometer?
A survey within senior management of the global agricultural machinery industry (ca. 85% manufacturers and 15% importers)
Project managed under the umbrella of the new global network for the agricultural machinery associations and industry: Agrievolution
Around 200 participants from Brazil, Western Europe (represented by CEMA with the results of its separate monthly survey), Japan, India, South Korea, Turkey and the United States
Implementation of the survey by the correspondent national associations
Project lead and summary of the results: VDMA (Germany)
Objectives: illustration of the current and future branch development for the most relevant topics of the industry
General evaluation of the business Order intake Turnover Employmenent Delivery times Machinery stocks Farmers´ mood and economic conditions Others
Survey periods: April and October (Start was in 2010)
Contact:
[email protected]
Page 2 • May 2013
Agrievolution Economic Committee
Executive Summary of the survey April 2013 Rise of the business climate index by 10 points due to positive outlook
Much better evaluation in Japan, further increase in Brazil
Stagnating global turnover development over the past 3 months
Increase in Brazil and India
Decrease in Western Europe and Turkey
Comparably low delivery times for new machines Second hand machinery markets have become bigger in the USA and Korea Higher order intake for the manufacturers in most regions over the past 3 months Production capacities fully employed for 3.2 months ahead Financing restraints for farmers and machinery distributors in India, Turkey, Korea and some European countries Government programs currently support the markets especially in Brazil, Japan and India Contact:
[email protected]
Page 3 • May 2013
Agrievolution Economic Committee
Global evaluation of the current business remains very positive Question: We consider our current business to be …. Answers from manufacturers / importers according to location
100%
2
6
6
12
2
2
1
14
17
17
22 80%
25
34
26 unfavourable
31 36
60%
39
44 40%
satisfying 49 46
41
35
good 40
20%
24 15
0%
very unfavourable
3 Apr 10
19 8 Oct 10
Apr 11
Source: Agritech Business Barometer, Agrievolution Contact:
[email protected]
16 Oct 11
39 very good
18 Apr 12
5
4
Oct 12
Apr 13 weighted global average Page 4 • May 2013
Agrievolution Economic Committee
Less regional difference of the satisfaction level Question: We consider our current business to be …. Answers from manufacturers / importers according to location 100% 18
23
19
18
32
1
2
5
22
17
17
very unfavourable
80% 23 33 39
60%
43
46
40%
unfavourable
satisfying
67
53 77 55
good
42 39
20%
35
32
very good
11
0%
Japan
5
5
Korea
India
11
Turkey
Western Europe
Source: Agritech Business Barometer Survey April 2013, Agrievolution Contact:
[email protected]
Brazil
8
USA
4
World* * weighted global average Page 5 • May 2013
Agrievolution Economic Committee
Short term growth expectations are dominant in all regions Question: We expect our overall turnover within the next 6 months to … Answers from manufacturers / importers according to location 100% 16
14
23
14 27
26
25
80%
decrease 50 32
40 25
60% 36
40%
remain unchanged
44
86 77 53
20%
50
50
Brazil
USA
grow
46
36 29
0%
Japan
Korea
India
Turkey
Source: Agritech Business Barometer Survey April 2013, Agrievolution Contact:
[email protected]
Western Europe
World*
* weighted global average Page 6 • May 2013
Agrievolution Economic Committee
Global business climate index rises by 10 points due to better future expectations Agritech Business Climate Index Possible range from -100 to +100
80 60 40 20 0 Climate Index
-20
Current Situation Future Situation
-40 Climate Index Current Situation Future Situation
Apr 10 1 -23 26
Oct 10 34 8 61
Source: Agritech Business Barometer, Agrievolution Contact:
[email protected]
Apr 11 65 60 71
Oct 11 44 49 38
Apr 12 35 37 33
Oct 12 19 25 13
Apr 13 29 25 33
weighted global average Page 7 • May 2013
Agrievolution Economic Committee
All country indices have become positive, sector has come out of recession in Japan Agritech Business Climate Index Possible range from -100 to +100
Apr 10
Oct 10
Apr 11
Oct 11
Apr 12
Oct 12
Apr 13
100 80 60 40 20 0 -20 -40 -60 -80 Japan
Korea
India
Source: Agritech Business Barometer Survey, Agrievolution Contact:
[email protected]
Turkey
Western Europe
Brazil
USA
World*
*weighted global average Page 8 • May 2013
Agrievolution Economic Committee
Employment in the sector will be increased globally Question: Our plans regarding the workforce (regular employees): in % of the interviewed persons according to country of company location
5
8
6
10 22
reduce 58 79
77
33
73
75
68
79
keep unchanged
44 17
21
Japan
Korea
23
42 26
23
increase
11 India
Turkey
Source: Agritech Business Barometer April 2013, Agrievolution Contact:
[email protected]
Western Europe
Brazil
USA
World*
* weighted global average Page 9 • May 2013