Plough Market

Plough market: get access to newly released facts and figures empowered by an Ai-driven BI tool. Statistics include imports, production, consumption, market prices, trade, exports, companies, and market size. Here is a breakdown by country, including Russia, the U.K., EU, China, Latin America, the Middle East, Africa, and the U.S. Market dynamics and outlook to 2030 are also provided in the reports.


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Plough - World's Largest Markets

RatingCountry
1United States
2Norway
3France
4Germany
5Nigeria

In value terms, the United States, Norway and France appeared to be the countries with the highest levels of market value in 2020, with a combined 31% share of the global market. These countries were followed by Germany, Nigeria, Russia, Romania, the UK, China, Ukraine, Brazil, Kazakhstan and Zimbabwe, which together accounted for a further 35%.

Zimbabwe (+277.7% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while plough market for the other global leaders experienced more modest paces of growth.

Plough Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
China501496447-5.5%
Turkey495496476-2.0%
Poland8999039714.0%
Italy140213801206-7.2%
Denmark131612631269-1.8%
Hungary1122127913108.1%
Czech Republic141613391317-3.6%
France1471141515161.5%
India1490131816244.4%
Sweden176916901709-1.7%
Norway1804172318060.0%
Germany192617981893-0.9%
United States395528922238-24.8%
Average134112401258-3.1%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($2,238 per unit), while China ($447 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
France17251663249620.3%
United Kingdom192618911870-1.5%
Sweden192317101814-2.9%
Germany1581158716592.4%
Denmark196416501638-8.7%
Poland164916371620-0.9%
Ukraine1542147015771.1%
Canada156115301453-3.5%
Romania138912951335-1.9%
Netherlands111383312867.5%
Russia126411041144-4.9%
Nigeria1424964635-33.2%
Kazakhstan688739552-10.4%
Average132412651210-4.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($2,496 per unit), while Kazakhstan ($552 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Plough - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United Kingdom201519-1.3%
Nigeria2.13.219195.2%
Germany212018-8.4%
France202518-4.8%
Romania252016-19.2%

In value terms, the largest plough importing markets worldwide were the UK ($19M), Nigeria ($19M) and Germany ($18M), together comprising 15% of global imports.

Nigeria (+195.2% per year) recorded the highest growth rate of 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.

Plough - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany1168367-24.0%
Norway604849-10.0%
France675146-16.8%
Czech Republic272223-7.5%
United States221517-12.5%

In value terms, the largest plough supplying countries worldwide were Germany ($67M), Norway ($49M) and France ($46M), with a combined 43% share of global exports. The Czech Republic, the United States, Italy, Sweden, Turkey, China, India, Hungary, Denmark and Poland lagged somewhat behind, together accounting for a further 39%.

Among the main exporting countries, Denmark (+91.3% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Plough - Market Forecast

Driven by increasing demand for plough worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Plough - Top Companies

Hunan Xiangtian Farming Machinery Co., Ltd., Deere & Company, KUBOTA CORPORATION, AGCO Corporation, Hans Kunz, Landtechnik AG, Claas KG auf Aktien mbH, Case New Holland Industrial Inc., John Deere GmbH & Co. KG, The Toro Company, CROPLANDS EQUIPMENT PTY LTD, CNH Industrial Belgium NV, SIAM KUBOTA CORPORATION COMPANY LIMITED, FARMWORKS RURAL PTY LTD, ISEKI & CO., LTD., JAIN IRRIGATION SYSTEMS LIMITED, Andreas Stihl AG & Co. KG, Luoyang China No.1 Tractor Co., Ltd., Yunnan Lifan Junma Vehicle Co.,Ltd., Creamer Metal Products, New Holland North America, Inc

Plough - Product Coverage

  • HS 843210 - Ploughs; for soil preparation
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World - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global plough market.

Middle East - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in the Middle East.

Africa - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Africa.

Australia and Oceania - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Australia and Oceania.

Eastern Asia - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Eastern Asia.

Central Asia - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Central Asia.

Northern America - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Northern America.

Latin America and the Caribbean - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Latin America and the Caribbean.

South-Eastern Asia - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in South-Eastern Asia.

Southern Asia - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the plough market in Southern Asia.

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