Price for Tractors; (Other than Tractors of Heading No 8709) in India - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in India (FOB) - 2023
- Price for Tractors; (Other than Tractors of Heading No 8709) in India (CIF) - 2022
- Exports of Tractors; (Other than Tractors of Heading No 8709) in India
- Imports of Tractors; (Other than Tractors of Heading No 8709) in India
Price for Tractors; (Other than Tractors of Heading No 8709) in India (FOB) - 2023
In November 2023, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $9,665 per unit, dropping by -19.3% against the previous month. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 7.2% m-o-m. The export price peaked at $12,884 per unit in January 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Indonesia ($21,125 per unit), while the average price for exports to Bangladesh ($3,308 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), 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 India (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $4,322 per unit in 2022, declining by -10.8% against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 53% against the previous year. The import price peaked at $6,120 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Japan ($6,967 per unit), while the price for China ($2,203 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tractors; (Other than Tractors of Heading No 8709) in India
In 2022, exports of tractors; (other than tractors of heading no 8709)s from India reduced rapidly to 120K units, waning by -37.1% against the previous year's figure. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 155% against the previous year. As a result, the exports reached the peak of 191K units, and then reduced sharply in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $1.6B in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Tractors; (Other than Tractors of Heading No 8709) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 168 | 168 | 326 | 513 | 45.1% |
| Netherlands | 19.4 | 16.8 | 59.2 | 106 | 76.1% |
| Brazil | 15.6 | 28.0 | 54.7 | 80.8 | 73.0% |
| Bangladesh | 75.5 | 51.6 | 87.6 | 74.6 | -0.4% |
| South Africa | 28.3 | 25.2 | 44.5 | 74.1 | 37.8% |
| Mexico | 39.6 | 25.1 | 42.0 | 63.7 | 17.2% |
| Thailand | 45.9 | 31.6 | 67.8 | 59.7 | 9.2% |
| Australia | 11.5 | 17.9 | 27.3 | 35.6 | 45.7% |
| Kenya | 11.0 | 15.1 | 24.7 | 30.7 | 40.8% |
| Tanzania | 8.9 | 10.1 | 14.9 | 25.7 | 42.4% |
| Nepal | 77.7 | 56.6 | 92.3 | 25.7 | -30.8% |
| Germany | 6.9 | 14.6 | 26.1 | 24.4 | 52.4% |
| France | 9.0 | 12.0 | 25.5 | 21.0 | 32.6% |
| Others | 285 | 254 | 406 | 425 | 14.2% |
| Total | 802 | 727 | 1,298 | 1,561 | 24.9% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from India in 2022:
- United States (26.5K units)
- Bangladesh (12.8K units)
- Brazil (6.9K units)
- Thailand (6.3K units)
- Nepal (5.8K units)
- Mexico (5.6K units)
- South Africa (4.9K units)
- Netherlands (4.5K units)
- Germany (3.1K units)
- France (3.0K units)
- Australia (2.4K units)
- Tanzania (2.3K units)
- Kenya (2.3K units)
Imports of Tractors; (Other than Tractors of Heading No 8709) in India
In 2022, purchases abroad of tractors; (other than tractors of heading no 8709)s decreased by -18.2% to 10K units, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of 18K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s dropped notably to $44M in 2022. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5%. Over the period under review, imports of hit record highs at $70M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Tractors; (Other than Tractors of Heading No 8709) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 62.8 | 52.9 | 56.1 | 38.2 | -15.3% |
| Japan | 1.5 | 2.1 | 3.2 | 1.7 | 4.3% |
| China | 0.2 | 0.2 | 0.1 | 0.6 | 44.2% |
| Others | 5.3 | 2.5 | 1.3 | 3.7 | -11.3% |
| Total | 69.9 | 57.8 | 60.7 | 44.3 | -14.1% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to India in 2022:
- Thailand (9.5K units)
- China (0.3K units)
- Japan (0.2K units)
402
This report provides an in-depth analysis of the market for road tractor for semi-trailer in India.
765
This report provides an in-depth analysis of the tractor market in India.
536
This report provides an in-depth analysis of the crawler tractor market in India.
437
This report provides an in-depth analysis of the pedestrian-controlled tractor market in India.
350
This report provides an in-depth analysis of the market for agricultural and forestry tractor in India.
898
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
3516
This report provides an in-depth analysis of the global tractor market.
1245
This report provides an in-depth analysis of the global crawler tractor market.
516
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
268
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
975
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
714
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1382
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
106
Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
251
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
975
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
714
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1382
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
106
Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
251
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
