Slovakia: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in Slovakia

The Slovak agricultural and forestry tractor market soared to $X in 2022, rising 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). Overall, consumption showed a temperate increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Slovakia

Agricultural and forestry tractor exports from Slovakia expanded sharply to X units in 2022, picking up by X% on 2021. Over the period under review, exports recorded a modest increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports shrank slightly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Hungary (X units) and Serbia (X units) were the main destinations of agricultural and forestry tractor exports from Slovakia, together accounting for X% of total exports. Ukraine, Poland, Italy, Belgium, Bulgaria, Austria, Germany and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for agricultural and forestry tractor exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Austria ($X), with a combined X% share of total exports. Poland, Germany, Ukraine, Serbia, Bulgaria, Italy, Belgium and Romania lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Slovakia

Agricultural and forestry tractor imports into Slovakia soared to X units in 2022, with an increase of X% compared with the previous year. In general, imports recorded temperate growth. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural and forestry tractor imports soared to $X in 2022. Overall, total imports indicated a notable 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest supplier of agricultural and forestry tractor to Slovakia, accounting for a X% share of total imports. Moreover, agricultural and forestry tractor imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the largest agricultural and forestry tractor suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Austria ($X), together comprising X% of total imports. Poland, Italy, the United States, Belgium, Denmark and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Denmark, 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 average agricultural and forestry tractor import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained 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 the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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