Price for Tractors; (Other than Tractors of Heading No 8709) in Denmark - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Denmark (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Denmark (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Denmark
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Denmark
Price for Tractors; (Other than Tractors of Heading No 8709) in Denmark (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $14,829 per unit in 2022, surging by 26% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $18,539 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($113,046 per unit), while the price for Estonia ($596 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Denmark (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $2,666 per unit in 2022, reducing by -21.6% against the previous year. Over the period under review, the export price recorded a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure at $10,815 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($26,463 per unit), while the average price for exports to Slovenia ($586 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 the Czech Republic (+5.2%), while the prices for the other major destinations experienced a decline.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Denmark
In 2022, after three years of growth, there was decline in supplies from abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by less than 0.1% to 27K units. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.7% 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 +80.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 27K units, leveling off in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $402M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 88.5 | 97.6 | 95.8 | 120 | 10.7% |
| Italy | 16.7 | 17.6 | 21.9 | 35.3 | 28.3% |
| United Kingdom | 31.7 | 37.9 | 24.4 | 31.2 | -0.5% |
| Netherlands | 9.4 | 21.4 | 31.3 | 26.2 | 40.7% |
| Belgium | 8.7 | 10.0 | 30.0 | 24.6 | 41.4% |
| Sweden | 1.6 | 8.4 | 17.8 | 18.5 | 126.1% |
| China | 2.3 | 2.3 | 5.6 | 5.2 | 31.2% |
| United States | 4.3 | 0.9 | 2.4 | 2.4 | -17.7% |
| Estonia | 0.6 | 0.5 | 0.9 | 0.7 | 5.3% |
| Others | 83.2 | 79.3 | 88.5 | 138 | 18.4% |
| Total | 247 | 276 | 318 | 402 | 17.6% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Denmark in 2022:
- China (7.2K units)
- Italy (4.3K units)
- Germany (4.1K units)
- Netherlands (2.9K units)
- Sweden (2.3K units)
- Belgium (1.5K units)
- Estonia (1.1K units)
- United Kingdom (0.4K units)
- United States (0.3K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Denmark
For the fourth year in a row, Denmark recorded growth in shipments abroad of tractors; (other than tractors of heading no 8709)s, which increased by 68% to 42K units in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 90%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $113M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.8 | 8.5 | 8.8 | 25.6 | 55.6% |
| Norway | 15.0 | 11.7 | 13.4 | 12.6 | -5.6% |
| Sweden | 1.9 | 13.5 | 14.3 | 11.6 | 82.8% |
| Poland | 5.6 | 6.4 | 9.2 | 10.8 | 24.5% |
| Netherlands | 4.1 | 7.7 | 7.5 | 10.3 | 35.9% |
| Spain | 2.0 | 1.9 | 2.7 | 5.3 | 38.4% |
| Lithuania | 1.6 | 2.5 | 4.5 | 4.8 | 44.2% |
| Czech Republic | 0.3 | 0.3 | 0.3 | 2.6 | 105.4% |
| Romania | 0.7 | 0.8 | 1.2 | 1.7 | 34.4% |
| Estonia | 0.7 | 1.9 | 0.8 | 1.3 | 22.9% |
| Latvia | 1.6 | 0.8 | 1.0 | 1.3 | -6.7% |
| Greece | 0.5 | 0.5 | 0.3 | 0.6 | 6.3% |
| Ireland | 0.1 | 0.2 | 0.6 | 0.2 | 26.0% |
| Others | 23.6 | 21.4 | 20.9 | 24.3 | 1.0% |
| Total | 64.6 | 78.0 | 85.7 | 113 | 20.5% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Denmark in 2022:
- Poland (11.4K units)
- Germany (9.9K units)
- Sweden (3.0K units)
- Netherlands (2.2K units)
- Lithuania (2.1K units)
- Romania (1.9K units)
- Czech Republic (1.7K units)
- Estonia (1.5K units)
- Latvia (1.5K units)
- Spain (1.5K units)
- Greece (0.8K units)
- Norway (0.5K units)
- Ireland (0.3K units)
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