Price for Tractors; (Other than Tractors of Heading No 8709) in the Czech Republic - 2023

Contents:

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

Price for Tractors; (Other than Tractors of Heading No 8709) in the Czech Republic (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $35,629 per unit in 2022, surging by 61% against the previous year. Overall, the import price, however, recorded a deep contraction. The import price peaked at $64,384 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($94,254 per unit), while the price for Japan ($2,718 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+18.7%), 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 the Czech Republic (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $21,073 per unit, surging by 21% against the previous year. Over the period under review, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2017 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the maximum at $24,040 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($43,676 per unit), while the average price for exports to Croatia ($6,806 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 United Arab Emirates (+9.7%), 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 the Czech Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -29.4% to 28K units. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 120%. As a result, imports attained the peak of 40K units, and then dropped markedly in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s amounted to $1B in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +61.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. China (8.6K units)
2. Germany (4.1K units)
3. Netherlands (2.3K units)
4. Belgium (1.9K units)
5. Poland (1.7K units)
6. Italy (1.2K units)
7. Slovenia (1.1K units)
8. Japan (1.0K units)
9. France (1.0K units)
10. Austria (0.9K units)
11. India (0.8K units)
12. Taiwan (Chinese) (0.7K units)
13. Sweden (0.5K units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in the Czech Republic

In 2022, after three years of growth, there was decline in shipments abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -3% to 15K units. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 15K units, and then dropped slightly in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $316M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +74.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 48%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Poland (3.7K units)
2. Slovakia (2.6K units)
3. Romania (1.8K units)
4. Ukraine (1.2K units)
5. Germany (1.0K units)
6. Croatia (0.7K units)
7. United Kingdom (0.4K units)
8. Slovenia (0.4K units)
9. Lithuania (0.4K units)
10. Bulgaria (0.4K units)
11. Serbia (0.2K units)
12. Austria (0.2K units)

Source: IndexBox Market Intelligence Platform