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

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Qatar (CIF) - 2023
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Qatar (FOB) - 2023
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Qatar
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Qatar

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

In October 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $33,457 per unit, jumping by 18% against the previous month. Over the period under review, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in June 2023 an increase of 52% month-to-month. The import price peaked at $46,026 per unit in February 2023; afterwards, it flattened through to October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was South Korea ($80,211 per unit), while the price for Sweden ($6,094 per unit) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+32.9%), 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 Qatar (FOB) - 2023

In October 2023, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $44,187 per unit, shrinking by -7.1% against the previous month. Over the period under review, the export price, however, posted a significant expansion. The pace of growth appeared the most rapid in September 2023 an increase of 61% month-to-month. The export price peaked at $63,869 per unit in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($47,401 per unit), while the average price for exports to Saudi Arabia ($17,475 per unit) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+48.6%), 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 Qatar

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Qatar soared to 391 units, picking up by 93% against 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $19M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (85.0 units)
2. Thailand (60.0 units)
3. France (57.0 units)
4. China (49.0 units)
5. Turkey (36.0 units)
6. India (30.0 units)
7. Belgium (19.0 units)
8. Netherlands (12.0 units)
9. United States (4.0 units)
10. Brazil (3.0 units)
11. South Korea (2.0 units)

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

In 2022, exports of tractors; (other than tractors of heading no 8709)s from Qatar soared to 271 units, growing by 84% against the previous year. In general, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.3% against 2020 indices. Over the period under review, the exports of reached the peak figure at 302 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $4.1M in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.4% against 2020 indices. The exports peaked at $5.2M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

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

1. United Arab Emirates (374.0 units)
2. Saudi Arabia (74.0 units)
3. Oman (42.0 units)
4. Jordan (19.0 units)
5. Libya (15.0 units)
6. Sudan (10.0 units)
7. Iraq (6.0 units)

Source: IndexBox Market Intelligence Platform