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Germany - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: May 21, 2023
Germany's Plough Price Drops Slightly to $2,710 per Unit After Two Consecutive Months of Decline
Germany Plough Export Price in February 2023
In February 2023, the plough price amounted to $2,710 per unit, therefore (FOB, Germany), remained relatively stable against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in June 2022 an increase of 16% against the previous month. As a result, the export price reached the peak level of $2.8M per thousand units. From July 2022 to February 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,640 per unit), while the average price for exports to Uzbekistan ($763 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Plough in Germany (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| United States | N/A | N/A | 3,888 | N/A | N/A | N/A | 1,872 | 4,276 | 3,972 | N/A | 5,045 | 2,226 | 4,640 |
| Bulgaria | 2,776 | 3,456 | 2,682 | 2,113 | 2,715 | 3,260 | 2,431 | 2,574 | 3,043 | 2,829 | 3,440 | 3,166 | 4,536 |
| Netherlands | 3,354 | 3,688 | 3,531 | 3,259 | 2,857 | 2,790 | 3,445 | 3,690 | 3,469 | 3,007 | 4,091 | 4,079 | 4,292 |
| United Kingdom | 2,483 | 2,432 | 3,083 | 2,651 | 2,714 | 2,808 | 2,975 | 2,919 | 2,796 | 2,960 | 3,317 | 3,039 | 3,420 |
| Poland | 925 | 1,807 | 1,646 | 2,316 | 2,450 | 2,150 | 1,886 | 2,025 | 1,404 | 1,729 | 1,687 | 1,736 | 2,919 |
| Russia | 2,107 | 1,954 | 1,874 | 1,746 | 2,272 | 2,052 | 1,833 | 1,995 | 3,281 | 2,607 | 2,825 | N/A | 2,714 |
| France | 2,473 | 3,063 | 3,426 | 2,035 | 3,211 | 1,996 | 2,531 | 2,316 | 2,172 | 2,337 | 2,332 | 2,793 | 2,569 |
| Romania | 3,474 | 2,180 | 2,864 | 2,898 | 3,295 | 3,255 | 3,448 | 3,068 | 3,156 | 2,992 | 3,005 | 3,322 | 2,509 |
| Serbia | 1,476 | 2,136 | 2,082 | 2,102 | 1,970 | 2,037 | 1,817 | 2,000 | 1,959 | 2,050 | 2,101 | 2,556 | 2,413 |
| Ukraine | 2,143 | 2,012 | 2,002 | 1,914 | 1,999 | 1,853 | 1,924 | 1,809 | 1,873 | 1,610 | 1,950 | 1,894 | 2,278 |
| Chile | N/A | 1,908 | 2,117 | N/A | 2,013 | 2,296 | 702 | N/A | N/A | N/A | N/A | N/A | 2,214 |
| China | N/A | 1,707 | 1,633 | 1,509 | N/A | 1,522 | 1,509 | 1,472 | 1,537 | 1,556 | 1,768 | 1,683 | 1,753 |
| Uzbekistan | N/A | 386 | N/A | 3,355 | 1,921 | N/A | 393 | N/A | 298 | 392 | N/A | 622 | 763 |
| Average | 2,400 | 2,463 | 2,636 | 2,390 | 2,768 | 2,458 | 2,457 | 2,353 | 2,466 | 2,488 | 2,745 | 2,737 | 2,710 |
Germany Plough Exports
In February 2023, overseas shipments of ploughs for agricultural purposes were finally on the rise to reach 2.3K units for the first time since November 2022, thus ending a two-month declining trend. In general, total exports indicated slight growth from February 2022 to February 2023: its volume increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -36.8% against November 2022 indices. The growth pace was the most rapid in March 2022 when exports increased by 63% m-o-m. The exports peaked at 3.7K units in November 2022; however, from December 2022 to February 2023, the exports stood at a somewhat lower figure.
In value terms, plough exports soared to $6.3M (IndexBox estimates) in February 2023. Overall, total exports indicated a tangible increase from February 2022 to February 2023: its value increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -34.4% against December 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 67% m-o-m. Over the period under review, the exports hit record highs at 9.6M units in December 2022; however, from January 2023 to February 2023, the exports stood at a somewhat lower figure.
Germany Plough Exports by Country
France (472 units), China (289 units) and Russia (207 units) were the main destinations of plough exports from Germany, together comprising 42% of total exports. Ukraine, the UK, Romania, Poland, Chile, the Netherlands, Uzbekistan, Serbia, the United States and Bulgaria lagged somewhat behind, together comprising a further 41%.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.
In value terms, France ($1.2M) remains the key foreign market for plough exports from Germany, comprising 19% of total exports. The second position in the ranking was taken by Russia ($562K), with a 9% share of total exports. It was followed by China, with an 8.1% share.
From February 2022 to February 2023, the average monthly growth rate of value to France stood at +2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+6.9% per month) and China (+0.9% per month).
This report provides an in-depth analysis of the plough market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 28303130 -
• Prodcom 28303150 -
Country coverage:
• Germany
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Germany
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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