Serbia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Serbia - 2023
Contents:
- Tractor Price in Serbia (CIF) - 2022
- Tractor Price in Serbia (FOB) - 2023
- Tractor Imports in Serbia
- Tractor Exports in Serbia
Tractor Price in Serbia (CIF) - 2022
The average tractor import price stood at $23,915 per unit in 2022, growing by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 13% against the previous year. The import price peaked at $47,254 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Austria ($67,541 per unit), while the price for China ($5,630 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Serbia (FOB) - 2023
In September 2023, the average tractor export price amounted to $14,432 per unit, shrinking by -20.4% against the previous month. Over the period under review, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 137% m-o-m. Over the period under review, the average export prices attained the peak figure at $18,581 per unit in July 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Bosnia and Herzegovina ($13,626 per unit), while the average price for exports to Slovenia ($2,452 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Serbia
In 2022, approx. 7.7K units of tractors were imported into Serbia; surging by 6.4% compared with the year before. The total import volume increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, tractor imports expanded rapidly to $183M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tractor in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.7 | 33.2 | 35.8 | 41.0 | 5.7% |
| Italy | 12.1 | 14.5 | 15.2 | 20.6 | 19.4% |
| Belgium | 13.9 | 11.9 | 13.2 | 15.5 | 3.7% |
| Netherlands | 18.9 | 13.9 | 14.6 | 15.2 | -7.0% |
| Austria | 12.1 | 7.8 | 11.3 | 13.0 | 2.4% |
| France | 7.7 | 6.9 | 14.6 | 12.9 | 18.8% |
| Turkey | 11.8 | 9.3 | 10.1 | 12.3 | 1.4% |
| Belarus | 6.6 | 6.3 | 5.4 | 9.6 | 13.3% |
| China | 3.7 | 6.5 | 10.7 | 9.4 | 36.5% |
| United States | 3.4 | 4.0 | 3.5 | 7.3 | 29.0% |
| India | 5.9 | 7.3 | 3.4 | 5.8 | -0.6% |
| Sweden | 4.5 | 8.1 | 4.6 | 5.6 | 7.6% |
| Others | 10.1 | 21.6 | 18.2 | 15.1 | 14.3% |
| Total | 145 | 151 | 161 | 183 | 8.1% |
Top Suppliers of Tractor to Serbia in 2022:
- China (1662.0 units)
- Germany (1567.0 units)
- Italy (895.0 units)
- India (627.0 units)
- Turkey (493.0 units)
- France (461.0 units)
- Belarus (419.0 units)
- Netherlands (251.0 units)
- Belgium (243.0 units)
- Sweden (238.0 units)
- Austria (193.0 units)
- United States (147.0 units)
Tractor Exports in Serbia
In 2022, approx. 2K units of tractors were exported from Serbia; growing by 20% on 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tractor exports totaled $23M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Tractor in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 2.2 | 3.9 | 7.6 | 7.7 | 51.8% |
| Montenegro | 2.7 | 1.8 | 3.6 | 3.9 | 13.0% |
| North Macedonia | 0.4 | 1.8 | 2.3 | 2.7 | 89.0% |
| Slovenia | 1.6 | 1.1 | 2.1 | 1.7 | 2.0% |
| Jordan | 0.1 | 0.5 | 1.3 | 1.1 | 122.4% |
| Turkey | N/A | 0.1 | 0.2 | 1.0 | 216.2% |
| Croatia | 0.9 | 0.6 | 1.2 | 0.9 | 0.0% |
| Egypt | 1.9 | 2.4 | 1.5 | 0.6 | -31.9% |
| Belgium | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Afghanistan | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Others | 2.0 | 2.9 | 1.8 | 2.5 | 7.7% |
| Total | 11.9 | 15.3 | 22.3 | 22.6 | 23.8% |
Top Export Markets for Tractor from Serbia in 2022:
- Bosnia and Herzegovina (810.0 units)
- Montenegro (289.0 units)
- North Macedonia (179.0 units)
- Egypt (149.0 units)
- Belgium (97.0 units)
- Slovenia (88.0 units)
- Croatia (77.0 units)
- Turkey (75.0 units)
- Afghanistan (49.0 units)
- Jordan (42.0 units)
This report provides an in-depth analysis of the tractor market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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
133
This report provides an in-depth analysis of the tractor market in Serbia.
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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...
685
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...
1352
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
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Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
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Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
940
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...
685
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...
1352
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
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Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
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Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
