Price for Tractors; (Other than Tractors of Heading No 8709) in Serbia - 2024
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Serbia (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Serbia (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Serbia
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Serbia
Price for Tractors; (Other than Tractors of Heading No 8709) in Serbia (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $19,376 per unit, declining by -20.3% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 a decrease of -3.4%. Over the period under review, average import prices hit record highs at $52,010 per unit in 2012; however, from 2013 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 Belgium ($46,526 per unit), while the price for India ($5,784 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+18.3%), 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 Serbia (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $12,884 per unit in 2022, leveling off at the previous year. In general, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by 10%. The export price peaked at $31,500 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($72,932 per unit), while the average price for exports to Afghanistan ($3,416 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 (+29.6%), 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 Serbia
For the fourth year in a row, Serbia recorded growth in overseas purchases of tractors; (other than tractors of heading no 8709)s, which increased by 61% to 11K units in 2022. In general, imports showed significant growth. 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 surged to $206M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.7 | 33.2 | 35.8 | 40.5 | 5.3% |
| Belgium | 13.9 | 11.9 | 13.2 | 22.7 | 17.8% |
| Italy | 12.1 | 14.5 | 15.2 | 22.0 | 22.1% |
| Netherlands | 18.9 | 13.9 | 14.6 | 16.5 | -4.4% |
| France | 7.7 | 6.9 | 14.6 | 15.5 | 26.3% |
| Turkey | 11.8 | 9.3 | 10.1 | 14.5 | 7.1% |
| Austria | 12.1 | 7.8 | 11.3 | 12.8 | 1.9% |
| Sweden | 4.5 | 8.1 | 4.6 | 12.2 | 39.4% |
| Belarus | 6.6 | 6.3 | 5.4 | 9.6 | 13.3% |
| China | 3.7 | 6.5 | 10.7 | 9.4 | 36.5% |
| India | 5.9 | 7.3 | 3.4 | 5.8 | -0.6% |
| Croatia | 0.3 | 0.5 | 0.5 | 2.1 | 91.3% |
| Others | 13.3 | 25.0 | 21.2 | 22.7 | 19.5% |
| Total | 145 | 151 | 161 | 206 | 12.4% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Serbia in 2022:
- Germany (2186.0 units)
- Italy (1639.0 units)
- China (1180.0 units)
- India (1006.0 units)
- Turkey (831.0 units)
- Belarus (672.0 units)
- Belgium (488.0 units)
- France (422.0 units)
- Sweden (412.0 units)
- Netherlands (407.0 units)
- Austria (302.0 units)
- Croatia (255.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Serbia
In 2022, exports of tractors; (other than tractors of heading no 8709)s from Serbia soared to 2.5K units, picking up by 46% on 2021 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 55%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $33M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 2.2 | 3.9 | 7.6 | 8.9 | 59.3% |
| Montenegro | 2.7 | 1.8 | 3.6 | 5.6 | 27.5% |
| Turkey | N/A | 0.1 | 0.2 | 5.1 | 614.1% |
| Slovenia | 1.6 | 1.1 | 2.1 | 3.3 | 27.3% |
| North Macedonia | 0.4 | 1.8 | 2.3 | 2.6 | 86.6% |
| Jordan | 0.1 | 0.5 | 1.3 | 1.5 | 146.6% |
| Egypt | 1.9 | 2.4 | 1.5 | 0.7 | -28.3% |
| Croatia | 0.9 | 0.6 | 1.2 | 0.6 | -12.6% |
| Bulgaria | 1.0 | 0.8 | 0.3 | 0.6 | -15.7% |
| Romania | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| Afghanistan | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Belgium | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Others | 0.8 | 1.9 | 1.1 | 2.5 | 46.2% |
| Total | 11.9 | 15.3 | 22.3 | 32.7 | 40.1% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Serbia in 2022:
- Bosnia and Herzegovina (969.0 units)
- Montenegro (477.0 units)
- North Macedonia (203.0 units)
- Slovenia (131.0 units)
- Egypt (122.0 units)
- Jordan (90.0 units)
- Afghanistan (78.0 units)
- Turkey (70.0 units)
- Belgium (60.0 units)
- Romania (54.0 units)
- Croatia (40.0 units)
- Bulgaria (26.0 units)
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