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Luxembourg - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Luxembourg - 2023
Contents:
- Price for Agricultural and Forestry Tractor in Luxembourg (CIF) - 2023
- Price for Agricultural and Forestry Tractor in Luxembourg (FOB) - 2023
- Imports of Agricultural and Forestry Tractor in Luxembourg
- Exports of Agricultural and Forestry Tractor in Luxembourg
Price for Agricultural and Forestry Tractor in Luxembourg (CIF) - 2023
In July 2023, the average agricultural and forestry tractor import price amounted to $43,189 per unit, reducing by -4.2% against the previous month. Overall, the import price recorded a slight contraction. The pace of growth appeared the most rapid in January 2023 an increase of 74% month-to-month. As a result, import price reached the peak level of $51,307 per unit. From February 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($61,184 per unit), while the price for China ($7,451 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Agricultural and Forestry Tractor in Luxembourg (FOB) - 2023
In July 2023, the average agricultural and forestry tractor export price amounted to $48,341 per unit, increasing by 10% against the previous month. In general, export price indicated a moderate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, agricultural and forestry tractor export price increased by +91.9% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 57% month-to-month. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($88,569 per unit), while the average price for exports to Belgium ($10,179 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agricultural and Forestry Tractor in Luxembourg
In 2022, purchases abroad of agricultural and forestry tractors decreased by -92% to 971 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 781%. Over the period under review, imports reached the maximum at 12K units in 2021, and then dropped dramatically in the following year.
In value terms, agricultural and forestry tractor imports fell sharply to $38M in 2022. Overall, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. Imports peaked at $61M in 2021, and then reduced dramatically in the following year.
Import of Agricultural and Forestry Tractor in Luxembourg (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 21.7 | 34.0 | 40.1 | 18.8 | -4.7% |
Belgium | 3.9 | 6.9 | 6.3 | 5.4 | 11.5% |
Switzerland | N/A | 0.5 | 2.6 | 4.7 | 206.6% |
France | 3.6 | 4.0 | 4.4 | 2.2 | -15.1% |
Netherlands | 1.6 | 0.9 | 1.6 | 0.8 | -20.6% |
Canada | 1.3 | 3.3 | 1.4 | 0.6 | -22.7% |
Others | 2.2 | 4.3 | 4.8 | 5.4 | 34.9% |
Total | 34.3 | 53.8 | 61.2 | 37.9 | 3.4% |
Top Suppliers of Agricultural and Forestry Tractor to Luxembourg in 2022:
- Germany (1401.0 units)
- Switzerland (86.0 units)
- France (85.0 units)
- Belgium (78.0 units)
- Netherlands (21.0 units)
- Canada (12.0 units)
Exports of Agricultural and Forestry Tractor in Luxembourg
In 2022, after three years of growth, there was significant decline in overseas shipments of agricultural and forestry tractors, when their volume decreased by -81.3% to 723 units. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 868%. The exports peaked at 3.9K units in 2021, and then declined significantly in the following year.
In value terms, agricultural and forestry tractor exports dropped sharply to $17M in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 255%. As a result, the exports reached the peak of $44M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Agricultural and Forestry Tractor in Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.5 | 19.9 | 13.1 | 6.6 | 13.6% |
Belgium | 1.8 | 9.4 | 5.9 | 3.2 | 21.1% |
France | 4.6 | 12.6 | 6.1 | 2.1 | -23.0% |
Switzerland | 0.7 | 0.6 | 1.4 | 1.0 | 12.6% |
Austria | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
Netherlands | 0.4 | 1.2 | 3.5 | 0.2 | -20.6% |
Poland | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
Others | 0.3 | 0.2 | 2.1 | 3.5 | 126.8% |
Total | 12.5 | 44.3 | 32.6 | 17.1 | 11.0% |
Top Export Markets for Agricultural and Forestry Tractor from Luxembourg in 2022:
- Germany (299.0 units)
- Belgium (71.0 units)
- France (60.0 units)
- Poland (41.0 units)
- Netherlands (21.0 units)
- Austria (12.0 units)
- Switzerland (11.0 units)
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Luxembourg. 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 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
Country coverage:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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