Price for Tractors; (Other than Tractors of Heading No 8709) in Slovakia - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Slovakia (CIF) - 2023
- Price for Tractors; (Other than Tractors of Heading No 8709) in Slovakia (FOB) - 2023
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Slovakia
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Slovakia
Price for Tractors; (Other than Tractors of Heading No 8709) in Slovakia (CIF) - 2023
In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $29,997 per unit, picking up by 26% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 134% m-o-m. The import price peaked at $30,727 per unit in December 2022; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($142K per unit), while the price for Japan ($2,737 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.2%), 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 Slovakia (FOB) - 2023
In November 2023, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $19,970 per unit, jumping by 19% against the previous month. In general, the export price posted a notable increase. The pace of growth was the most pronounced in March 2023 an increase of 182% month-to-month. As a result, the export price reached the peak level of $32,429 per unit; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Turkey ($121K per unit), while the average price for exports to Armenia ($4,360 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+28.3%), 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 Slovakia
In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Slovakia expanded remarkably to 19K units, increasing by 6.1% on the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 158%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of tractors; (other than tractors of heading no 8709)s contracted to $419M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports reached the peak of $454M, and then reduced in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.4 | 47.9 | 89.0 | 80.0 | 186.6% |
| Netherlands | 100 | 22.0 | 42.9 | 72.7 | -10.1% |
| Czech Republic | 14.4 | 22.5 | 52.6 | 56.7 | 57.9% |
| Germany | 43.5 | 48.6 | 60.2 | 53.4 | 7.1% |
| Austria | 8.5 | 23.1 | 21.2 | 38.0 | 64.7% |
| France | 16.7 | 6.0 | 15.2 | 26.3 | 16.3% |
| Turkey | 15.3 | 12.6 | 17.9 | 22.1 | 13.0% |
| Poland | 24.4 | 11.6 | 29.5 | 16.9 | -11.5% |
| Hungary | 5.9 | 8.0 | 42.7 | 10.1 | 19.6% |
| Italy | 3.7 | 9.8 | 25.8 | 8.0 | 29.3% |
| Belgium | 40.7 | 6.6 | 2.7 | 6.5 | -45.7% |
| Denmark | 0.1 | 0.6 | 5.9 | 3.8 | 236.2% |
| Japan | 4.6 | 1.6 | 2.2 | 2.6 | -17.3% |
| Others | 75.5 | 18.0 | 45.7 | 21.4 | -34.3% |
| Total | 357 | 239 | 454 | 419 | 5.5% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Slovakia in 2022:
- Czech Republic (3.7K units)
- Austria (3.5K units)
- Germany (2.3K units)
- Netherlands (1.9K units)
- Sweden (1.4K units)
- Hungary (1.3K units)
- Japan (1.2K units)
- Poland (0.9K units)
- Denmark (0.8K units)
- France (0.6K units)
- Turkey (0.5K units)
- Belgium (0.4K units)
- Italy (0.3K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Slovakia
In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Slovakia soared to 13K units, rising by 69% against 2021. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $175M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +46.9% against 2020 indices. 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 Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 16.5 | 12.4 | 32.8 | 51.0 | 45.7% |
| Hungary | 44.2 | 27.0 | 24.3 | 33.5 | -8.8% |
| Ukraine | 4.7 | 4.2 | 7.9 | 31.7 | 88.9% |
| Czech Republic | 18.4 | 14.4 | 10.5 | 13.7 | -9.4% |
| Germany | 3.9 | 3.7 | 11.3 | 7.5 | 24.4% |
| Romania | 5.5 | 25.1 | 4.0 | 5.2 | -1.9% |
| Lithuania | 3.9 | 9.8 | 6.2 | 2.5 | -13.8% |
| Others | 41.1 | 22.7 | 32.1 | 30.0 | -10.0% |
| Total | 138 | 119 | 129 | 175 | 8.2% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Slovakia in 2022:
- Poland (5.6K units)
- Ukraine (2.5K units)
- Hungary (1.4K units)
- Germany (0.8K units)
- Czech Republic (0.7K units)
- Romania (0.5K units)
- Lithuania (0.2K units)
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