Price for Tractors; (Other than Tractors of Heading No 8709) in Argentina - 2023

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Argentina (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Argentina (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Argentina
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Argentina

Price for Tractors; (Other than Tractors of Heading No 8709) in Argentina (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $35,255 per unit in 2022, surging by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked at $47,544 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Brazil ($79,357 per unit), while the price for the United States ($3,231 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tractors; (Other than Tractors of Heading No 8709) in Argentina (FOB) - 2022

The average export price for tractors; (other than tractors of heading no 8709)s stood at $64,900 per unit in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, showed a deep setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $217,493 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($220,163 per unit), while the average price for exports to Senegal ($5,000 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 Paraguay (+43.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Argentina

After three years of growth, overseas purchases of tractors; (other than tractors of heading no 8709)s decreased by -13.7% to 9.1K units in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Imports peaked at 11K units in 2021, and then reduced in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s declined slightly to $320M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports reached the peak of $326M, and then fell modestly in the following year.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Argentina in 2022:

1. Brazil (3.6K units)
2. United States (2.7K units)
3. China (2.2K units)
4. India (0.4K units)
5. Japan (0.1K units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Argentina

Exports of tractors; (other than tractors of heading no 8709)s from Argentina dropped remarkably to 15 units in 2022, shrinking by -25% on 2021. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year. Over the period under review, the exports of reached the maximum at 31 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s declined to $973K in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 4.8%. The exports peaked at $2.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Argentina in 2022:

1. Belgium (5.0 units)
2. Uruguay (3.0 units)
3. Angola (2.0 units)
4. Bolivia (2.0 units)
5. Brazil (1.0 units)
6. Paraguay (1.0 units)
7. Senegal (1.0 units)

Source: IndexBox Market Intelligence Platform