Price for Tractors; (Other than Tractors of Heading No 8709) in South Africa - 2024
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in South Africa (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in South Africa (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in South Africa
- Exports of Tractors; (Other than Tractors of Heading No 8709) in South Africa
Price for Tractors; (Other than Tractors of Heading No 8709) in South Africa (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $11,446 per unit, shrinking by -58.1% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 196% against the previous year. The import price peaked at $39,479 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($137,542 per unit), while the price for Hungary ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+25.4%), 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 South Africa (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $9,991 per unit in 2022, declining by -28.4% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27% against the previous year. The export price peaked at $34,807 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Tanzania ($37,131 per unit), while the average price for exports to Zimbabwe ($6,312 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 Mozambique (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in South Africa
In 2022, approx. 47K units of tractors; (other than tractors of heading no 8709)s were imported into South Africa; picking up by 241% compared with 2021 figures. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 288%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $535M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Tractors; (Other than Tractors of Heading No 8709) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.8 | 43.4 | 70.3 | 104 | 37.7% |
| India | 31.2 | 24.2 | 48.5 | 68.8 | 30.2% |
| United Kingdom | 12.2 | 11.8 | 31.6 | 62.0 | 71.9% |
| Italy | 26.0 | 31.0 | 41.5 | 54.1 | 27.7% |
| Germany | 32.3 | 34.4 | 38.2 | 47.2 | 13.5% |
| China | 4.8 | 23.8 | 31.2 | 46.2 | 112.7% |
| Turkey | 11.0 | 10.4 | 15.7 | 27.6 | 35.9% |
| Netherlands | 38.9 | 6.8 | 29.9 | 25.0 | -13.7% |
| Mexico | 13.4 | 9.8 | 12.7 | 17.8 | 9.9% |
| Hungary | N/A | N/A | N/A | N/A | 0% |
| Others | 43.9 | 34.3 | 53.8 | 82.1 | 23.2% |
| Total | 253 | 230 | 374 | 535 | 28.4% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to South Africa in 2022:
- Hungary (28.4K units)
- India (5.8K units)
- Italy (2.7K units)
- China (2.0K units)
- Turkey (1.2K units)
- United Kingdom (0.9K units)
- United States (0.8K units)
- Mexico (0.7K units)
- Germany (0.7K units)
- Netherlands (0.3K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in South Africa
In 2022, approx. 24K units of tractors; (other than tractors of heading no 8709)s were exported from South Africa; picking up by 59% compared with the year before. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s rose markedly to $243M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +61.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Tractors; (Other than Tractors of Heading No 8709) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 41.7 | 39.0 | 41.3 | 52.5 | 8.0% |
| Namibia | 21.5 | 25.5 | 52.0 | 52.3 | 34.5% |
| Zambia | 22.1 | 16.7 | 23.3 | 41.2 | 23.1% |
| Botswana | 26.3 | 23.3 | 32.8 | 29.0 | 3.3% |
| Mozambique | 21.5 | 23.9 | 33.5 | 28.2 | 9.5% |
| Swaziland | 7.1 | 5.9 | 10.2 | 16.3 | 31.9% |
| Others | 23.0 | 16.4 | 20.5 | 24.0 | 1.4% |
| Total | 163 | 151 | 214 | 243 | 14.2% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from South Africa in 2022:
- Zimbabwe (8.3K units)
- Namibia (8.2K units)
- Botswana (2.6K units)
- Zambia (2.5K units)
- Swaziland (0.8K units)
- Mozambique (0.8K units)
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