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

Contents:

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

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

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $54,995 per unit, jumping by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($213,722 per unit), while the price for China ($2,723 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+41.8%), 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 Italy (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $30,775 per unit, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($52,423 per unit), while the average price for exports to the United Arab Emirates ($4,307 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 Austria (+4.9%), 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 Italy

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Italy dropped rapidly to 50K units, which is down by -19% against the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% 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 +37.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of 62K units, and then contracted dramatically in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s rose remarkably to $2.7B in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

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

1. Spain (9.1K units)
2. Turkey (7.6K units)
3. France (7.4K units)
4. Germany (6.5K units)
5. Netherlands (3.6K units)
6. Sweden (3.3K units)
7. Belgium (3.1K units)
8. India (2.6K units)
9. China (1.6K units)
10. Poland (1.5K units)
11. Japan (0.7K units)
12. Austria (0.6K units)

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

In 2022, exports of tractors; (other than tractors of heading no 8709)s from Italy declined to 72K units, dropping by -13.1% on the previous year's figure. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of 83K units, and then dropped in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded modestly to $2.2B in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. United States (7.9K units)
2. Germany (7.8K units)
3. France (7.5K units)
4. Poland (4.3K units)
5. Spain (3.9K units)
6. Turkey (3.2K units)
7. United Arab Emirates (2.5K units)
8. United Kingdom (2.2K units)
9. Austria (2.0K units)
10. South Africa (1.5K units)
11. Switzerland (1.5K units)
12. Romania (1.4K units)
13. Chile (1.3K units)

Source: IndexBox Market Intelligence Platform