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

Contents:

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

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

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $84,974 per unit, with an increase of 13% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($100,699 per unit), while the average price for exports to Spain ($44,080 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 Italy (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $62,618 per unit, waning by -4.9% against the previous year. In general, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2020 an increase of 27%. The import price peaked at $65,813 per unit in 2021, and then contracted slightly in the following year.

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 UK ($117,005 per unit), while the price for China ($14,024 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Austria declined modestly to 18K units, approximately equating the year before. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Over the period under review, the exports of hit record highs at 21K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of tractors; (other than tractors of heading no 8709)s rose sharply to $1.5B in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Germany (2.6K units)
2. France (2.1K units)
3. Poland (1.3K units)
4. Romania (1.1K units)
5. Czech Republic (1.0K units)
6. United Kingdom (0.9K units)
7. Hungary (0.9K units)
8. Spain (0.7K units)
9. Italy (0.6K units)
10. Bulgaria (0.6K units)
11. Netherlands (0.5K units)
12. Slovenia (0.5K units)
13. Australia (0.5K units)

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

Imports of tractors; (other than tractors of heading no 8709)s into Austria expanded modestly to 16K units in 2022, increasing by 3.5% against the previous year's figure. The total import volume increased at an average annual rate of +1.1% over the period 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 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s contracted modestly to $1B in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports reached the peak of $1B, and then reduced in the following year.

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

1. Germany (5.2K units)
2. Italy (2.3K units)
3. Netherlands (1.8K units)
4. France (1.5K units)
5. Belgium (1.4K units)
6. Poland (1.1K units)
7. Switzerland (1.1K units)
8. Sweden (0.2K units)
9. China (0.1K units)

Source: IndexBox Market Intelligence Platform