Price for Tractors; (Other than Tractors of Heading No 8709) in Brazil - 2024
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Brazil (FOB) - 2024
- Price for Tractors; (Other than Tractors of Heading No 8709) in Brazil (CIF) - 2022
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Brazil
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Brazil
Price for Tractors; (Other than Tractors of Heading No 8709) in Brazil (FOB) - 2024
The average export price for tractors; (other than tractors of heading no 8709)s stood at $64,960 per unit in January 2024, falling by -16.2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 11% month-to-month. As a result, the export price attained the peak level of $86,946 per unit; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Peru ($137K per unit), while the average price for exports to Mexico ($40,216 per unit) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Brazil (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $32,186 per unit in 2022, increasing by 13% against the previous year. Overall, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 68%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($295,694 per unit), while the price for South Korea ($7,463 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tractors; (Other than Tractors of Heading No 8709) in Brazil
In 2022, exports of tractors; (other than tractors of heading no 8709)s from Brazil contracted modestly to 19K units, which is down by -3.2% on the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of 20K units, and then shrank modestly in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $1.5B in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 131 | 104 | 226 | 377 | 42.2% |
| Argentina | 195 | 252 | 254 | 259 | 9.9% |
| Peru | 45.5 | 39.5 | 126 | 148 | 48.2% |
| Colombia | 15.1 | 21.3 | 51.3 | 132 | 106.0% |
| South Africa | 137 | 75.7 | 134 | 130 | -1.7% |
| Uruguay | 29.1 | 36.2 | 63.8 | 111 | 56.2% |
| Paraguay | 42.6 | 27.6 | 70.3 | 104 | 34.7% |
| United States | 65.0 | 41.6 | 99.1 | 85.9 | 9.7% |
| Bolivia | 23.3 | 13.3 | 21.0 | 43.1 | 22.8% |
| Mexico | 14.1 | 6.7 | 18.7 | 18.4 | 9.3% |
| Others | 75.9 | 126 | 92.6 | 140 | 22.6% |
| Total | 774 | 743 | 1,157 | 1,549 | 26.0% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Brazil in 2022:
- Chile (3.7K units)
- Argentina (2.7K units)
- Colombia (1.9K units)
- South Africa (1.7K units)
- United States (1.7K units)
- Uruguay (1.4K units)
- Paraguay (1.4K units)
- Peru (1.2K units)
- Bolivia (0.9K units)
- Mexico (0.7K units)
Imports of Tractors; (Other than Tractors of Heading No 8709) in Brazil
For the fourth consecutive year, Brazil recorded growth in purchases abroad of tractors; (other than tractors of heading no 8709)s, which increased by 52% to 11K units in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s soared to $370M in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 89%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 64.4 | 34.0 | 66.0 | 100 | 15.8% |
| India | 9.5 | 26.4 | 43.7 | 82.6 | 105.6% |
| Germany | 9.7 | 14.7 | 42.6 | 68.1 | 91.5% |
| Finland | 20.0 | 12.5 | 24.6 | 36.1 | 21.8% |
| China | 3.1 | 1.7 | 1.5 | 29.0 | 110.7% |
| France | 7.3 | 7.8 | 12.4 | 17.5 | 33.8% |
| Italy | 5.8 | 5.4 | 9.0 | 11.2 | 24.5% |
| Turkey | 0.4 | 0.4 | 2.2 | 4.8 | 128.9% |
| Others | 15.5 | 11.5 | 14.2 | 20.1 | 9.0% |
| Total | 136 | 114 | 216 | 370 | 39.6% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Brazil in 2022:
- India (6.6K units)
- China (3.2K units)
- Italy (0.5K units)
- United States (0.4K units)
- Germany (0.3K units)
- Turkey (0.2K units)
- Finland (0.1K units)
- France (0.1K units)
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