Saudi Arabia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Saudi Arabia - 2021
Contents:
- Tractor Price in Saudi Arabia (CIF) - 2022
- Tractor Price in Saudi Arabia (FOB) - 2022
- Tractor Imports in Saudi Arabia
- Tractor Exports in Saudi Arabia
Tractor Price in Saudi Arabia (CIF) - 2022
The average tractor import price stood at $19,262 per unit in 2022, shrinking by -19.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 92%. Over the period under review, average import prices reached the peak figure at $27,181 per unit in 2018; however, from 2019 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 the Netherlands ($71,406 per unit), while the price for China ($20,024 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Saudi Arabia (FOB) - 2022
The average tractor export price stood at $7,462 per unit in 2022, increasing by 44% against the previous year. Overall, the export price recorded a modest increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 183%. Over the period under review, the average export prices hit record highs at $30,600 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($215,464 per unit), while the average price for exports to the Netherlands ($9,237 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 Bahrain (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Saudi Arabia
Tractor imports into Saudi Arabia surged to 15K units in 2022, picking up by 49% against the previous year's figure. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 108%. As a result, imports reached the peak of 19K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tractor imports surged to $282M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of $329M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tractor in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 137 | 212 | 144 | 187 | 10.9% |
| Netherlands | 9.5 | 23.9 | 19.3 | 21.5 | 31.3% |
| Thailand | 4.6 | 20.5 | 10.8 | 13.2 | 42.1% |
| India | 14.2 | 4.9 | 10.6 | 10.4 | -9.9% |
| United States | 6.6 | 4.2 | 6.6 | 8.4 | 8.4% |
| Sweden | 7.6 | 12.0 | 3.2 | 8.4 | 3.4% |
| China | 2.7 | 7.4 | 14.2 | 8.0 | 43.6% |
| South Korea | 3.9 | 7.3 | 2.3 | 4.1 | 1.7% |
| Japan | 22.5 | 11.8 | 5.4 | N/A | -51.0% |
| Others | 17.5 | 24.9 | 17.2 | 20.6 | 5.6% |
| Total | 227 | 329 | 234 | 282 | 7.5% |
Top Suppliers of Tractor to Saudi Arabia in 2022:
- Germany (9.2K units)
- China (0.4K units)
- Netherlands (0.3K units)
- India (0.3K units)
- Sweden (0.3K units)
- Thailand (0.3K units)
- United States (0.2K units)
- South Korea (0.1K units)
Tractor Exports in Saudi Arabia
Tractor exports from Saudi Arabia declined remarkably to 469 units in 2022, waning by -20.2% against the previous year. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +34.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 588 units, and then dropped sharply in the following year.
In value terms, tractor exports expanded sharply to $3.5M in 2022. In general, exports continue to indicate a pronounced contraction. Over the period under review, the exports hit record highs at $4M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Tractor in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 689 | 197 | 169 | 496 | -10.4% |
| United Arab Emirates | 219 | 2,961 | 674 | 431 | 25.3% |
| Sudan | 76.4 | 229 | 289 | 251 | 48.7% |
| Bahrain | 302 | 115 | 12.5 | 170 | -17.4% |
| United Kingdom | N/A | N/A | N/A | 153 | 0% |
| Egypt | 10.2 | 214 | 33.5 | 50.8 | 70.8% |
| Netherlands | N/A | N/A | N/A | 9.2 | 0% |
| Others | 2,575 | 236 | 1,871 | 1,939 | -9.0% |
| Total | 3,872 | 3,952 | 3,048 | 3,500 | -3.3% |
Top Export Markets for Tractor from Saudi Arabia in 2022:
- United Kingdom (4.0 units)
- Egypt (3.0 units)
- United Arab Emirates (2.0 units)
- Bahrain (1.0 units)
- Netherlands (1.0 units)
This report provides an in-depth analysis of the tractor market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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