United Kingdom - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in the UK - 2023
Contents:
- Plough Price in the UK (CIF) - 2022
- Plough Price in the UK (FOB) - 2022
- Plough Imports in the UK
- Plough Exports in the UK
Plough Price in the UK (CIF) - 2022
The average plough import price stood at $2,176 per unit in 2022, increasing by 2.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $2,348 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,167 per unit), while the price for China ($747 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
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Plough Price in the UK (FOB) - 2022
The average plough export price stood at $985 per unit in 2022, with a decrease of -10.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 27%. As a result, the export price attained the peak level of $1,209 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,003 per unit), while the average price for exports to Canada ($179 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Plough Imports in the UK
In 2022, approx. 13K units of ploughs for agricultural purposes were imported into the UK; picking up by 25% against 2021 figures. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plough imports surged to $28M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plough in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 4.2 | 4.4 | 5.2 | 7.6 | 21.9% |
| Germany | 4.0 | 6.2 | 7.9 | 7.4 | 22.8% |
| France | 3.3 | 2.6 | 4.5 | 4.4 | 10.1% |
| Ireland | 1.6 | 2.0 | 2.2 | 3.0 | 23.3% |
| Sweden | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| United States | 0.1 | 0.4 | N/A | 1.2 | 128.9% |
| Italy | 0.7 | 0.3 | 0.5 | 0.4 | -17.0% |
| China | 0.8 | 0.5 | 0.2 | 0.3 | -27.9% |
| Netherlands | 0.4 | 0.3 | 0.2 | N/A | -29.3% |
| Others | 0.6 | 2.4 | 1.2 | 2.0 | 49.4% |
| Total | 15.6 | 19.0 | 21.9 | 28.1 | 21.7% |
Top Suppliers of Plough to the UK in 2022:
- Netherlands (undefinedK units)
- Norway (3.9K units)
- France (2.3K units)
- Germany (2.3K units)
- Ireland (1.2K units)
- Sweden (0.8K units)
- United States (0.5K units)
- China (0.4K units)
- Italy (0.2K units)
Plough Exports in the UK
In 2022, plough exports from the UK surged to 6.7K units, jumping by 15% against 2021 figures. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 115% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, plough exports reached $6.6M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 166%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Plough in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 1,416 | 845 | 733 | 890 | -14.3% |
| New Zealand | 192 | 375 | 14.9 | 673 | 51.9% |
| Germany | 83.5 | N/A | 159 | 448 | 75.1% |
| Bulgaria | 38.4 | 13.7 | 160 | 431 | 123.9% |
| Australia | 1.6 | 162 | 625 | 378 | 518.2% |
| Lithuania | 0.9 | 34.9 | 384 | 332 | 617.2% |
| Poland | 165 | 133 | 309 | 331 | 26.1% |
| Cyprus | N/A | 5.1 | 230 | 257 | 609.9% |
| Romania | 112 | 47.9 | 62.1 | 208 | 22.9% |
| Spain | N/A | 37.7 | 110 | 181 | 119.1% |
| France | 679 | 8.4 | 138 | 139 | -41.1% |
| Kenya | 55.8 | 114 | 15.5 | 112 | 26.1% |
| Canada | 76.4 | 27.3 | 100 | 98.7 | 8.9% |
| Others | 2,056 | 604 | 3,360 | 2,102 | 0.7% |
| Total | 4,877 | 2,408 | 6,399 | 6,580 | 10.5% |
Top Export Markets for Plough from the UK in 2022:
- Germany (934.0 units)
- Poland (644.0 units)
- New Zealand (611.0 units)
- Canada (551.0 units)
- Bulgaria (482.0 units)
- Cyprus (472.0 units)
- Ireland (444.0 units)
- Romania (286.0 units)
- Kenya (243.0 units)
- Australia (240.0 units)
- Spain (190.0 units)
- Lithuania (185.0 units)
- France (159.0 units)
This report provides an in-depth analysis of the plough market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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