Eastern Europe: Tractor Market 2024

Tractor Market Size in Eastern Europe

The East European tractor market fell dramatically to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tractor Production in Eastern Europe

In value terms, tractor production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tractor Exports

Exports in Eastern Europe

Tractor exports fell significantly to X units in 2022, with a decrease of X% compared with the previous year's figure. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, tractor exports reduced remarkably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

In 2022, Poland (X units), distantly followed by Belarus (X units), Lithuania (X units), the Czech Republic (X units), Hungary (X units), Slovakia (X units) and Bulgaria (X units) represented the major exporters of tractors, together mixing up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest tractor supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Poland, tractor exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Tractor Imports

Imports in Eastern Europe

In 2022, approx. X units of tractors were imported in Eastern Europe; reducing by X% compared with the previous year's figure. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tractor imports fell remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

Poland (X units) and Ukraine (X units) represented roughly X% of total imports in 2022. Romania (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (X%), Russia (X%) and the Czech Republic (X%). Hungary (X units), Slovakia (X units), Bulgaria (X units), Moldova (X units), Belarus (X units) and Latvia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported tractors in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

In Poland, tractor imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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