Price for Tractors; (Other than Tractors of Heading No 8709) in Romania - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Romania (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Romania (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Romania
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Romania
Price for Tractors; (Other than Tractors of Heading No 8709) in Romania (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $11,809 per unit, growing by 105% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. Over the period under review, average import prices attained the maximum at $53,582 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($36,839 per unit), while the price for Japan ($759 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Tractors; (Other than Tractors of Heading No 8709) in Romania (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $17,283 per unit, increasing by 44% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +64.4% against 2020 indices. The export price peaked at $18,289 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($56,773 per unit), while the average price for exports to Croatia ($1,295 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 Turkey (+22.8%), 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 Romania
In 2022, purchases abroad of tractors; (other than tractors of heading no 8709)s decreased by -48.5% to 67K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of 129K units, and then contracted dramatically in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s rose sharply to $786M in 2022. The total import value increased at an average annual rate of +1.8% 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 was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 206 | 143 | 180 | 181 | -4.2% |
| Hungary | 93.5 | 79.6 | 103 | 104 | 3.6% |
| Bulgaria | 86.9 | 65.6 | 89.8 | 92.9 | 2.3% |
| Belgium | 47.4 | 45.3 | 75.0 | 67.8 | 12.7% |
| Netherlands | 74.8 | 40.7 | 61.1 | 57.9 | -8.2% |
| France | 39.5 | 35.9 | 46.1 | 57.3 | 13.2% |
| Austria | 36.9 | 18.3 | 35.5 | 49.5 | 10.3% |
| China | 17.8 | 21.1 | 41.2 | 30.5 | 19.7% |
| Italy | 31.1 | 21.4 | 23.4 | 26.7 | -5.0% |
| Japan | 1.1 | 1.1 | 0.5 | 0.6 | -18.3% |
| Others | 109 | 92.6 | 89.8 | 117 | 2.4% |
| Total | 744 | 565 | 746 | 786 | 1.8% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Romania in 2022:
- China (35.4K units)
- Germany (6.9K units)
- Hungary (3.3K units)
- Bulgaria (3.1K units)
- France (2.8K units)
- Italy (2.2K units)
- Belgium (2.2K units)
- Netherlands (2.0K units)
- Austria (1.7K units)
- Japan (0.8K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Romania
In 2022, shipments abroad of tractors; (other than tractors of heading no 8709)s decreased by -0.2% to 7.4K units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 7.3% against the previous year. As a result, the exports attained the peak of 7.7K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $128M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 increased by +58.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 0.4 | 8.7 | 23.0 | 658.3% |
| Jordan | 3.3 | 2.5 | 4.3 | 12.6 | 56.3% |
| Germany | 5.5 | 3.6 | 4.6 | 10.6 | 24.4% |
| Bulgaria | 15.1 | 13.2 | 12.3 | 10.2 | -12.3% |
| Moldova | 3.0 | 2.1 | 2.5 | 9.7 | 47.9% |
| Netherlands | 10.6 | 6.7 | 9.6 | 8.9 | -5.7% |
| Spain | 16.6 | 18.2 | 7.4 | 8.7 | -19.4% |
| Hungary | 7.6 | 6.2 | 6.6 | 7.7 | 0.4% |
| Serbia | 0.1 | 0.1 | 0.7 | 2.4 | 188.4% |
| Egypt | 6.0 | 5.8 | 5.3 | 1.8 | -33.1% |
| Croatia | 0.2 | 0.7 | 1.4 | 1.1 | 76.5% |
| France | 4.1 | 1.1 | 2.5 | 1.0 | -37.5% |
| Lithuania | 0.4 | 0.1 | 0.5 | 1.0 | 35.7% |
| Others | 22.7 | 20.2 | 22.2 | 29.2 | 8.8% |
| Total | 95.2 | 80.8 | 88.6 | 128 | 10.4% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Romania in 2022:
- Moldova (846.0 units)
- Croatia (839.0 units)
- Egypt (687.0 units)
- Hungary (591.0 units)
- Jordan (544.0 units)
- Turkey (405.0 units)
- Serbia (335.0 units)
- Spain (328.0 units)
- Germany (310.0 units)
- Netherlands (265.0 units)
- Bulgaria (242.0 units)
- Lithuania (237.0 units)
- France (231.0 units)
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