
Sudan - Agricultural and Forestry Tractors - Market Analysis, Forecast, Size, Trends and Insights
Sudan: Market for Agricultural And Forestry Tractors 2023
Market Size for Agricultural And Forestry Tractors in Sudan
The Sudanese agricultural and forestry tractor market contracted dramatically to $X in 2021, dropping by -27.5% 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). In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.
Exports of Agricultural And Forestry Tractors
Exports from Sudan
For the seventh year in a row, Sudan recorded growth in shipments abroad of agricultural and forestry tractors, which increased by 20% to X units in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 600% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, agricultural and forestry tractor exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 510%. The exports peaked in 2021 and are expected to retain growth in years to come.
Exports by Country
Chad (X units) and Egypt (X units) were the main destinations of agricultural and forestry tractor exports from Sudan.
From 2012 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +44.2%).
In value terms, Chad ($X) emerged as the key foreign market for agricultural and forestry tractors exports from Sudan, comprising 91% of total exports. The second position in the ranking was held by Egypt ($X), with an 8.8% share of total exports.
From 2012 to 2018, the average annual rate of growth in terms of value to Chad was relatively modest.
Export Prices by Country
In 2018, the average agricultural and forestry tractor export price amounted to $X per unit, reducing by -12.8% against the previous year. Overall, export price indicated a resilient expansion from 2015 to 2018: its price increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, agricultural and forestry tractor export price increased by +35.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced in the following year.
There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Chad ($X per unit), while the average price for exports to Egypt stood at $X per unit.
From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-35.4%).
Imports of Agricultural And Forestry Tractors
Imports into Sudan
Agricultural and forestry tractor imports into Sudan dropped sharply to X units in 2021, with a decrease of -24.6% against 2020. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 800%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, agricultural and forestry tractor imports reduced dramatically to $X in 2021. Overall, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of 538%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Saudi Arabia (X units) constituted the largest supplier of agricultural and forestry tractor to Sudan, accounting for a 52% share of total imports. Moreover, agricultural and forestry tractor imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. Turkey (X units) ranked third in terms of total imports with an 11% share.
From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +108.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+27.5% per year) and Turkey (+66.6% per year).
In value terms, India ($X), Turkey ($X) and Belarus ($X) appeared to be the largest agricultural and forestry tractor suppliers to Sudan, with a combined 57% share of total imports.
Among the main suppliers, Turkey, with a CAGR of +39.9%, recorded 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 2021, which is down by -9% against the previous year. Overall, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of 47%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+114.5%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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