Price for Tractors; (Other than Tractors of Heading No 8709) in Japan - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Japan (FOB) - 2023
- Price for Tractors; (Other than Tractors of Heading No 8709) in Japan (CIF) - 2023
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Japan
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Japan
Price for Tractors; (Other than Tractors of Heading No 8709) in Japan (FOB) - 2023
The average export price for tractors; (other than tractors of heading no 8709)s stood at $21,614 per unit in November 2023, declining by -4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 21% month-to-month. The export price peaked at $24,083 per unit in April 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Australia ($45,988 per unit), while the average price for exports to Poland ($13,189 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 Australia (+4.3%), 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 Japan (CIF) - 2023
In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $62,752 per unit, reducing by -12.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 35% against the previous month. Over the period under review, average import prices attained the peak figure at $71,994 per unit in October 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($99,533 per unit), while the price for Thailand ($7,539 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), 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 Japan
For the fourth year in a row, Japan recorded growth in overseas shipments of tractors; (other than tractors of heading no 8709)s, which increased by 5% to 133K units in 2022. The total export volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 15%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded modestly to $2.4B in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 954 | 890 | 1,196 | 1,311 | 11.2% |
| Canada | 82.2 | 89.7 | 122 | 137 | 18.6% |
| Taiwan (Chinese) | 74.9 | 103 | 61.1 | 111 | 14.0% |
| Thailand | 114 | 65.9 | 133 | 105 | -2.7% |
| Australia | 32.8 | 34.1 | 70.8 | 71.5 | 29.7% |
| South Korea | 65.5 | 69.1 | 73.5 | 68.5 | 1.5% |
| France | 70.4 | 52.4 | 147 | 66.2 | -2.0% |
| Netherlands | 7.2 | 5.7 | 32.1 | 56.0 | 98.1% |
| Vietnam | 37.4 | 32.6 | 40.8 | 54.9 | 13.6% |
| Germany | 47.7 | 48.1 | 62.2 | 10.1 | -40.4% |
| Others | 391 | 354 | 402 | 384 | -0.6% |
| Total | 1,876 | 1,745 | 2,339 | 2,376 | 8.2% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Japan in 2022:
- United States (83.1K units)
- Canada (8.6K units)
- Vietnam (4.4K units)
- Thailand (4.1K units)
- France (3.6K units)
- Netherlands (3.4K units)
- Australia (2.8K units)
- Taiwan (Chinese) (2.5K units)
- South Korea (2.2K units)
- Germany (0.9K units)
Imports of Tractors; (Other than Tractors of Heading No 8709) in Japan
In 2022, approx. 4.7K units of tractors; (other than tractors of heading no 8709)s were imported into Japan; reducing by -2.3% compared with the year before. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked at 5.6K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of tractors; (other than tractors of heading no 8709)s rose rapidly to $271M in 2022. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of attained the maximum at $297M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 56.0 | 43.1 | 45.7 | 64.5 | 4.8% |
| Germany | 86.9 | 49.4 | 65.4 | 63.5 | -9.9% |
| Sweden | 47.7 | 37.6 | 45.3 | 57.1 | 6.2% |
| Netherlands | 31.4 | 20.6 | 16.4 | 24.1 | -8.4% |
| United Kingdom | 25.4 | 29.4 | 26.9 | 17.1 | -12.4% |
| Italy | 15.5 | 11.9 | 14.9 | 16.5 | 2.1% |
| China | 9.5 | 11.3 | 9.0 | 12.4 | 9.3% |
| United States | 9.1 | 5.2 | 7.9 | 5.2 | -17.0% |
| Others | 15.9 | 10.5 | 13.8 | 10.5 | -12.9% |
| Total | 297 | 219 | 245 | 271 | -3.0% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Japan in 2022:
- Germany (1015.0 units)
- France (977.0 units)
- Sweden (808.0 units)
- Italy (375.0 units)
- China (373.0 units)
- Netherlands (343.0 units)
- United States (280.0 units)
- United Kingdom (243.0 units)
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