Report Update: May 1, 2024

China - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights

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Price for Agricultural and Forestry Tractor in China - 2023

Price for Agricultural and Forestry Tractor in China (FOB) - 2023

In September 2023, the average agricultural and forestry tractor export price amounted to $10,077 per unit, rising by 2.1% against the previous month. In general, the export price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 27% month-to-month. The export price peaked at $18,827 per unit in October 2022; afterwards, it flattened through to September 2023.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was France ($36,206 per unit), while the average price for exports to Poland ($2,034 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Agricultural and Forestry Tractor in China (CIF) - 2023

In September 2023, the average agricultural and forestry tractor import price amounted to $166K per unit, surging by 34% against the previous month. Over the period under review, import price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, agricultural and forestry tractor import price increased by +45.7% against July 2023 indices. The growth pace was the most rapid in January 2023 an increase of 57% month-to-month. The import price peaked in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($198K per unit), while the price for Thailand ($10,255 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Agricultural and Forestry Tractor in China

In 2022, shipments abroad of agricultural and forestry tractors decreased by -15.5% to 53K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 63K units, and then contracted markedly in the following year.

In value terms, agricultural and forestry tractor exports surged to $770M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Agricultural and Forestry Tractor in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	27.9	35.1	62.5	138	70.4%
France	34.3	33.3	66.4	85.8	35.7%
Thailand	5.1	2.7	5.9	63.6	131.9%
Kazakhstan	8.9	9.9	23.0	38.1	62.4%
Australia	16.0	17.8	28.6	34.6	29.3%
Ukraine	61.2	68.7	102	31.2	-20.1%
Indonesia	9.4	7.5	16.3	27.2	42.5%
United States	22.2	9.0	20.5	20.0	-3.4%
Malaysia	8.7	11.9	13.0	15.7	21.7%
Poland	1.8	4.8	9.9	13.2	94.3%
Myanmar	14.7	17.5	11.9	9.7	-12.9%
Romania	1.5	1.4	2.5	7.2	68.7%
Moldova	2.1	3.0	4.2	4.6	29.9%
Others	191	199	275	281	13.7%
Total	405	422	641	770	23.9%

Top Export Markets for Agricultural and Forestry Tractor from China in 2022:

Russia (9.3K units)
Ukraine (5.7K units)
Thailand (3.0K units)
France (2.4K units)
Australia (2.3K units)
Indonesia (1.8K units)
Romania (1.7K units)
Kazakhstan (1.7K units)
Poland (1.6K units)
United States (1.6K units)
Moldova (1.4K units)
Myanmar (1.2K units)
Malaysia (1.2K units)

Imports of Agricultural and Forestry Tractor in China

In 2022, approx. 722 units of agricultural and forestry tractors were imported into China; falling by -3% compared with the previous year. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Imports peaked at 1.1K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, agricultural and forestry tractor imports reduced to $77M in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Imports peaked at $101M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Agricultural and Forestry Tractor in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	34.3	36.2	40.9	44.2	8.8%
United States	48.2	6.0	24.7	20.8	-24.4%
Germany	7.8	1.3	2.1	5.3	-12.1%
United Kingdom	3.2	7.0	3.2	5.1	16.8%
Italy	1.8	1.4	1.0	0.4	-39.4%
Japan	2.8	N/A	0.2	0.4	-47.7%
Others	3.0	2.8	14.0	1.0	-30.7%
Total	101	54.7	86.1	77.2	-8.6%

Top Suppliers of Agricultural and Forestry Tractor to China in 2022:

France (452.0 units)
United States (123.0 units)
United Kingdom (73.0 units)
Germany (35.0 units)
Japan (19.0 units)
Italy (15.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for agricultural and forestry tractor in China. 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 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023