Price for Tractors; (Other than Tractors of Heading No 8709) in Estonia - 2023

Contents:

  1. Price for Tractors; (Other than Tractors of Heading No 8709) in Estonia (CIF) - 2022
  2. Price for Tractors; (Other than Tractors of Heading No 8709) in Estonia (FOB) - 2022
  3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Estonia
  4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Estonia

Price for Tractors; (Other than Tractors of Heading No 8709) in Estonia (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $31,870 per unit in 2022, falling by -15.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35%. As a result, import price attained the peak level of $53,016 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($116,231 per unit), while the price for Japan ($2,908 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.6%), 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 Estonia (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $27,452 per unit, increasing by 14% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tractors; (other than tractors of heading no 8709)s decreased by -11.7% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 45% against the previous year. The export price peaked at $31,073 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($68,692 per unit), while the average price for exports to Denmark ($6,893 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 Sweden (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Estonia

Imports of tractors; (other than tractors of heading no 8709)s into Estonia soared to 5.4K units in 2022, with an increase of 33% against the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +81.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of tractors; (other than tractors of heading no 8709)s rose markedly to $172M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +100.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 78% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Tractors; (Other than Tractors of Heading No 8709) in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany33.726.040.046.511.3%
Sweden35.713.732.030.9-4.7%
Finland17.512.518.321.67.3%
NorwayN/A4.95.613.264.1%
United States7.07.713.111.618.3%
China3.53.77.210.845.6%
Netherlands8.42.010.79.85.3%
France5.86.910.89.116.2%
Lithuania0.22.74.83.9169.2%
Belgium0.11.11.32.2180.2%
Belarus0.60.81.50.60.0%
Japan3.80.30.20.4-52.8%
Others21.63.67.111.8-18.3%
Total13885.81531727.6%

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Estonia in 2022:

  1. China (2378.0 units)
  2. Germany (586.0 units)
  3. United States (468.0 units)
  4. Finland (333.0 units)
  5. Norway (303.0 units)
  6. Sweden (289.0 units)
  7. Belgium (175.0 units)
  8. Lithuania (162.0 units)
  9. Japan (131.0 units)
  10. France (94.0 units)
  11. Netherlands (91.0 units)
  12. Belarus (45.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Estonia

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Estonia dropped modestly to 1.5K units, falling by -2.2% against the year before. Overall, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% 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 +70.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of 1.6K units, and then declined slightly in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s rose rapidly to $42M in 2022. In general, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.1% 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 +69.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Tractors; (Other than Tractors of Heading No 8709) in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland3.53.14.05.516.3%
Latvia4.13.19.25.28.2%
Finland7.07.56.35.0-10.6%
Lithuania1.31.83.14.146.6%
Sweden2.01.00.22.57.7%
Germany1.32.32.02.524.4%
Bolivia0.20.10.82.4128.9%
TurkeyN/AN/A0.11.51400.0%
Uzbekistan0.60.70.11.535.7%
Denmark0.60.71.21.329.4%
NorwayN/A0.22.31.1134.5%
Russia15.70.41.91.0-60.1%
Azerbaijan0.20.20.30.314.5%
Others3.83.75.97.726.5%
Total40.324.737.441.71.1%

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Estonia in 2022:

  1. Finland (338.0 units)
  2. Denmark (192.0 units)
  3. Lithuania (175.0 units)
  4. Norway (140.0 units)
  5. Latvia (134.0 units)
  6. Poland (109.0 units)
  7. Bolivia (44.0 units)
  8. Uzbekistan (40.0 units)
  9. Sweden (37.0 units)
  10. Russia (37.0 units)
  11. Turkey (27.0 units)
  12. Azerbaijan (26.0 units)
  13. Germany (18.0 units)

Source: IndexBox Market Intelligence Platform

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