Germany - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Export in Germany Rockets to $12.2B in 2023
Germany Tractor Exports
In 2023, shipments abroad of tractors increased by 6.5% to 141K units, rising for the third year in a row after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 16%. The exports peaked at 151K units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
In value terms, tractor exports soared to $12.2B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +1.5% from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.
| COUNTRY | Export Value of Tractor in Germany (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 548 | 672 | 615 | 532 | 561 | 563 | 596 | 840 | 1,216 | 1,528 | 2,109 |
| France | 1,683 | 1,324 | 1,227 | 1,090 | 1,100 | 1,392 | 1,460 | 1,222 | 1,391 | 1,449 | 1,831 |
| United Kingdom | 988 | 976 | 880 | 727 | 759 | 788 | 682 | 494 | 820 | 750 | 880 |
| Poland | 570 | 534 | 487 | 461 | 422 | 464 | 406 | 371 | 597 | 601 | 703 |
| Spain | 443 | 541 | 553 | 515 | 503 | 508 | 518 | 345 | 435 | 444 | 520 |
| Italy | 361 | 337 | 348 | 378 | 395 | 429 | 388 | 400 | 499 | 493 | 447 |
| Austria | 435 | 298 | 281 | 282 | 317 | 359 | 315 | 278 | 385 | 334 | 387 |
| Netherlands | 408 | 377 | 370 | 381 | 349 | 379 | 346 | 343 | 385 | 372 | 374 |
| Others | 5,115 | 5,092 | 4,410 | 4,020 | 4,534 | 4,610 | 4,049 | 3,452 | 4,464 | 4,349 | 4,953 |
| Total | 10,551 | 10,153 | 9,171 | 8,388 | 8,940 | 9,492 | 8,761 | 7,745 | 10,192 | 10,320 | 12,204 |
Exports by Country
Poland (15K units), France (15K units) and the United States (14K units) were the main destinations of tractor exports from Germany, with a combined 31% share of total exports.
From 2013 to 2023, the biggest increases were recorded for the United States (with a CAGR of +6.3%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for tractor exported from Germany were the United States ($2.1B), France ($1.8B) and the UK ($880M), with a combined 40% share of total exports.
In terms of the main countries of destination, the United States, with a CAGR of +14.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Agricultural and forestry tractors (71K units), road tractors for semi-trailers (58K units) and pedestrian-controlled tractors (6.4K units) were the main products of tractor exports from Germany, with a combined 99% share of total exports.
From 2013 to 2023, the biggest increases were recorded for pedestrian-controlled tractors (with a CAGR of +41.9%), while shipments for the other products experienced more modest paces of growth.
In value terms, agricultural and forestry tractors ($8.4B) remains the largest type of tractors exported from Germany, comprising 69% of total exports. The second position in the ranking was taken by road tractors for semi-trailers ($3.5B), with a 29% share of total exports. It was followed by crawler tractors, with a 2.1% share.
From 2013 to 2023, the average annual rate of growth in terms of the value of agricultural and forestry tractors exports amounted to +6.1%. With regard to the other exported products, the following average annual rates of growth were recorded: road tractors for semi-trailers (-4.8% per year) and crawler tractors (+4.3% per year).
Export Prices by Country
In 2023, the tractor price stood at $86,781 per unit (FOB, Germany), with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($147,513 per unit), while the average price for exports to Saudi Arabia ($44,344 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the tractor market in Germany. 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.
Product coverage:
- Prodcom 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
