Scandinavia: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in Scandinavia

The Scandinavia agricultural and forestry tractor market shrank to $X in 2022, almost unchanged from the previous year. In general, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Agricultural And Forestry Tractors in Scandinavia

In value terms, agricultural and forestry tractor production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Agricultural And Forestry Tractors

Exports in Scandinavia

In 2022, shipments abroad of agricultural and forestry tractors increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports amounted to $X in 2022. Total exports indicated a temperate 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 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Finland (X units) represented the major exporter of agricultural and forestry tractors, constituting X% of total exports. Sweden (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Norway (X%).

From 2012 to 2022, average annual rates of growth with regard to agricultural and forestry tractor exports from Finland stood at X%. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) illustrated a downward trend over the same period. Finland (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Finland ($X) remains the largest agricultural and forestry tractor supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

In Finland, agricultural and forestry tractor exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, flattening at the previous year. In general, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

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

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

Imports of Agricultural And Forestry Tractors

Imports in Scandinavia

In 2022, supplies from 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, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, agricultural and forestry tractor imports rose rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of agricultural and forestry tractors, achieving X% of total imports. Finland (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Imports into Sweden decreased at an average annual rate of X% from 2012 to 2022. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) and Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, the largest agricultural and forestry tractor importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main importing countries, Sweden, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :