Price for Tractors; (Other than Tractors of Heading No 8709) in Portugal - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Portugal (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Portugal (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Portugal
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Portugal
Price for Tractors; (Other than Tractors of Heading No 8709) in Portugal (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $36,121 per unit in 2022, surging by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $43,697 per unit. From 2016 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 Belgium ($92,092 per unit), while the price for India ($10,490 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.0%), 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 Portugal (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $25,815 per unit, reducing by -9.5% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 increased by +43.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 59%. Over the period under review, the average export prices reached the maximum at $34,870 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 Turkey ($77,946 per unit), while the average price for exports to the United States ($2,949 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 United States (+38.1%), 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 Portugal
In 2022, imports of tractors; (other than tractors of heading no 8709)s into Portugal declined to 13K units, waning by -6.8% on the year before. Over the period under review, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked at 14K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tractors; (other than tractors of heading no 8709)s rose sharply to $475M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 72.6 | 64.4 | 88.1 | 111 | 15.2% |
| Germany | 83.6 | 67.6 | 57.6 | 68.3 | -6.5% |
| Turkey | 9.2 | 28.0 | 40.7 | 56.8 | 83.5% |
| France | 124 | 61.4 | 49.4 | 55.0 | -23.7% |
| Italy | 52.9 | 43.7 | 56.1 | 48.9 | -2.6% |
| Netherlands | 37.3 | 24.5 | 69.5 | 42.7 | 4.6% |
| India | 12.9 | 11.5 | 22.9 | 17.3 | 10.3% |
| South Korea | 5.7 | 6.3 | 7.3 | 6.7 | 5.5% |
| Others | 70.3 | 50.5 | 60.2 | 68.6 | -0.8% |
| Total | 468 | 358 | 452 | 475 | 0.5% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Portugal in 2022:
- Spain (3.4K units)
- India (1.7K units)
- Netherlands (1.6K units)
- Italy (1.6K units)
- Turkey (1.2K units)
- France (1.1K units)
- Germany (0.9K units)
- South Korea (0.5K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Portugal
In 2022, overseas shipments of tractors; (other than tractors of heading no 8709)s decreased by -12% to 1.4K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.5% 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 26% against the previous year. As a result, the exports reached the peak of 1.6K units, and then fell in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s dropped remarkably to $36M in 2022. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, the exports reached the peak of $45M, and then fell markedly in the following year.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.9 | 7.6 | 7.2 | 12.7 | 37.4% |
| Spain | 21.8 | 7.7 | 20.0 | 8.0 | -28.4% |
| Turkey | N/A | N/A | 1.1 | 3.6 | 227.3% |
| France | 0.6 | 0.9 | 1.6 | 1.7 | 41.5% |
| Germany | 0.3 | 0.4 | 0.8 | 1.5 | 71.0% |
| Lithuania | 0.1 | 0.3 | 1.1 | 1.2 | 128.9% |
| Angola | 0.4 | 0.6 | 1.4 | 0.8 | 26.0% |
| Poland | N/A | 0.2 | 2.9 | 0.7 | 87.1% |
| Belgium | 0.4 | 0.1 | 2.3 | 0.7 | 20.5% |
| United Arab Emirates | N/A | 0.6 | 0.1 | 0.1 | -59.2% |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Guinea | 0.1 | 1.1 | 0.4 | N/A | 100.0% |
| Guinea-Bissau | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | 3.7 | 2.6 | 5.9 | 4.6 | 7.5% |
| Total | 32.6 | 22.3 | 44.8 | 35.7 | 3.1% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Portugal in 2022:
- Netherlands (545.0 units)
- Spain (346.0 units)
- Turkey (46.0 units)
- France (41.0 units)
- Lithuania (39.0 units)
- Belgium (38.0 units)
- United States (34.0 units)
- United Arab Emirates (29.0 units)
- Germany (28.0 units)
- Angola (27.0 units)
- Poland (18.0 units)
- Guinea-Bissau (12.0 units)
- Guinea (2.0 units)
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