U.S. - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in the United States - 2023
Contents:
- Plough Price in the United States (FOB) - 2023
- Plough Price in the United States (CIF) - 2022
- Plough Exports in the United States
- Plough Imports in the United States
Plough Price in the United States (FOB) - 2023
The average plough export price stood at $7,507 per unit in August 2023, declining by -36.7% against the previous month. Overall, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in January 2023 when the average export price increased by 105% against the previous month. Over the period under review, the average export prices attained the maximum at $12,064 per unit in October 2022; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($13,455 per unit), while the average price for exports to Denmark ($1,010 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plough Price in the United States (CIF) - 2022
In 2022, the average plough import price amounted to $978 per unit, waning by -14.4% against the previous year. Overall, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. As a result, import price reached the peak level of $1,738 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($2,347 per unit), while the price for India ($400 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Plough Exports in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of ploughs for agricultural purposes, when their volume increased by 42% to 7.2K units. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the maximum at 10K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, plough exports skyrocketed to $33M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plough in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 7.8 | 7.7 | 9.1 | 19.5 | 35.7% |
| Brazil | 0.2 | 0.9 | 0.8 | 2.8 | 141.0% |
| Australia | 0.1 | 0.2 | 0.2 | 2.2 | 180.2% |
| Ukraine | 2.8 | 2.0 | 4.2 | 1.4 | -20.6% |
| Mexico | 0.5 | 0.5 | 1.1 | 1.2 | 33.9% |
| Belgium | 0.1 | 0.1 | 0.3 | 0.8 | 100.0% |
| Germany | 0.1 | 0.1 | 0.5 | 0.5 | 71.0% |
| Russia | 1.9 | 2.3 | 3.4 | N/A | 33.8% |
| Others | 1.8 | 2.9 | 3.0 | 4.9 | 39.6% |
| Total | 15.3 | 16.6 | 22.5 | 33.3 | 29.6% |
Top Export Markets for Plough from the United States in 2022:
- Canada (4949.0 units)
- Ukraine (527.0 units)
- Australia (445.0 units)
- Brazil (233.0 units)
- Belgium (179.0 units)
- Germany (176.0 units)
- Mexico (155.0 units)
- Russia (9.0 units)
Plough Imports in the United States
In 2022, imports of ploughs for agricultural purposes into the United States rose notably to 12K units, with an increase of 13% compared with the year before. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plough imports contracted to $12M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +62.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $12M, and then reduced slightly in the following year.
| Import of Plough in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,796 | 2,340 | 2,993 | 3,477 | 24.6% |
| Germany | 1,590 | 758 | 772 | 1,601 | 0.2% |
| Mexico | 1,056 | 1,142 | 1,821 | 1,289 | 6.9% |
| Italy | 661 | 781 | 1,203 | 1,101 | 18.5% |
| India | 481 | 295 | 842 | 711 | 13.9% |
| China | 626 | 747 | 1,178 | 642 | 0.8% |
| Brazil | 172 | 422 | 27.0 | 477 | 40.5% |
| Spain | 122 | 184 | 405 | 225 | 22.6% |
| Others | 1,124 | 668 | 3,045 | 2,405 | 28.9% |
| Total | 7,630 | 7,337 | 12,285 | 11,928 | 16.1% |
Top Suppliers of Plough to the United States in 2022:
- Italy (2.3K units)
- India (1.8K units)
- Mexico (1.7K units)
- China (1.6K units)
- Canada (1.5K units)
- Germany (1.5K units)
- Brazil (0.6K units)
- Spain (0.5K units)
This report provides an in-depth analysis of the plough market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
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
-
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
-
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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