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

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Sweden (FOB) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Sweden (CIF) - 2023
3. Exports of Tractors; (Other than Tractors of Heading No 8709) in Sweden
4. Imports of Tractors; (Other than Tractors of Heading No 8709) in Sweden

Price for Tractors; (Other than Tractors of Heading No 8709) in Sweden (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $77,548 per unit, with a decrease of -10.4% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average export price increased by 28%. The export price peaked at $86,506 per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($116,951 per unit), while the average price for exports to Finland ($37,668 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 the Netherlands (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for tractors; (other than tractors of heading no 8709)s stood at $29,981 per unit in November 2023, surging by 50% against the previous month. Over the period under review, import price indicated a modest expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for tractors; (other than tractors of heading no 8709)s increased by +107.1% against August 2023 indices. The import price peaked at $30,319 per unit in January 2023; afterwards, it flattened through to November 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($45,218 per unit), while the price for China ($5,235 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of tractors; (other than tractors of heading no 8709)s from Sweden skyrocketed to 27K units in 2022, jumping by 15% compared with the year before. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +76.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of tractors; (other than tractors of heading no 8709)s amounted to $2.1B in 2022. In general, total exports indicated a buoyant 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 +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

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

1. South Africa (2.9K units)
2. Poland (2.9K units)
3. Norway (2.8K units)
4. United Kingdom (1.8K units)
5. Saudi Arabia (1.4K units)
6. Finland (1.3K units)
7. Denmark (1.1K units)
8. Australia (1.0K units)
9. Germany (1.0K units)
10. Lithuania (0.7K units)
11. Taiwan (Chinese) (0.6K units)
12. Netherlands (0.6K units)
13. South Korea (0.6K units)

Imports of Tractors; (Other than Tractors of Heading No 8709) in Sweden

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Sweden soared to 24K units, picking up by 24% on the year before. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s soared to $428M 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 +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (14.4K units)
2. Taiwan (Chinese) (1.7K units)
3. Finland (1.5K units)
4. Germany (1.5K units)
5. United States (1.2K units)
6. France (1.0K units)
7. Netherlands (0.5K units)

Source: IndexBox Market Intelligence Platform