EU: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in the EU

The EU agricultural and forestry tractor market dropped modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a sharp shrinkage. The level of consumption peaked at $X.5B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Agricultural And Forestry Tractors in the EU

In value terms, agricultural and forestry tractor production reduced to $X in 2022 estimated in export price. Over the period under review, production faced a sharp downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X.2B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports in the EU

For the third year in a row, the European Union recorded growth in shipments abroad of agricultural and forestry tractors, which increased by X% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, agricultural and forestry tractor exports rose significantly to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The Netherlands (X units) and Germany (X units) represented roughly X% of total exports in 2022. France (X units) ranks next in terms of the total exports with a X% share, followed by Italy (X%). The following exporters - Belgium (X units), Austria (X units), Finland (X units) and Poland (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest agricultural and forestry tractor supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, waning by X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted slightly in the following year.

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

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

Imports of Agricultural And Forestry Tractors

Imports in the EU

In 2022, purchases abroad of agricultural and forestry tractors increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, agricultural and forestry tractor imports rose markedly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. 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 in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, France (X units), Belgium (X units), Germany (X units), Poland (X units), the Netherlands (X units), Italy (X units) and Spain (X units) represented the largest importer of agricultural and forestry tractors in the European Union, generating X% of total import. The Czech Republic (X units), Greece (X units), Sweden (X units), Austria (X units), Lithuania (X units) and Hungary (X units) followed a long way behind the leaders.

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

In value terms, the largest agricultural and forestry tractor importing markets in the European Union were France ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. Italy, Belgium, Spain, the Netherlands, Austria, Hungary, the Czech Republic, Sweden, Lithuania and Greece lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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