Ireland: Tractor Market 2024

Tractor Market Size in Ireland

The Irish tractor market expanded to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Tractor Exports

Exports from Ireland

In 2022, after four years of growth, there was significant decline in shipments abroad of tractors, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed buoyant growth. 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 notably in the following year.

In value terms, tractor exports fell rapidly to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

The UK (X units) was the main destination for tractor exports from Ireland, with a X% share of total exports. Moreover, tractor exports to the UK exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was held by Canada (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Canada (X% per year).

In value terms, the UK ($X) remains the key foreign market for tractors exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average tractor export price amounted to $X per unit, growing by X% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per unit), while the average price for exports to Egypt ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into Ireland

In 2022, imports of tractors into Ireland expanded modestly to X units, picking up by X% on the previous year's figure. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, tractor imports contracted to $X in 2022. In general, imports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, France (X units) constituted the largest supplier of tractor to Ireland, with a X% share of total imports. Moreover, tractor imports from France exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Spain (X% per year).

In value terms, the largest tractor suppliers to Ireland were the UK ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Italy, the Netherlands, Belgium, Austria, Spain and the United States lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tractor import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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