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

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Croatia (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Croatia (FOB) - 2023
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Croatia
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Croatia

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

The average import price for tractors; (other than tractors of heading no 8709)s stood at $19,421 per unit in 2022, which is down by -8.7% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. The import price peaked at $40,573 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Sweden ($54,809 per unit), while the price for Romania ($2,365 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tractors; (other than tractors of heading no 8709)s stood at $18,037 per unit in November 2023, surging by 313% against the previous month. In general, the export price continues to indicate a slight increase. Over the period under review, the average export prices attained the maximum at $37,351 per unit in August 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was North Macedonia ($42,256 per unit), while the average price for exports to the United Arab Emirates ($7,756 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 11K units of tractors; (other than tractors of heading no 8709)s were imported into Croatia; rising by 42% on the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $215M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Slovenia (2333.0 units)
2. Romania (2161.0 units)
3. Italy (1184.0 units)
4. France (1140.0 units)
5. Czech Republic (786.0 units)
6. Germany (749.0 units)
7. Hungary (419.0 units)
8. Poland (403.0 units)
9. Sweden (374.0 units)
10. Austria (365.0 units)
11. Netherlands (340.0 units)

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

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Croatia reduced to 2.3K units, dropping by -9.2% compared with the year before. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 2.6K units, and then declined in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded remarkably to $40M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 68%. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Bosnia and Herzegovina (1025.0 units)
2. Serbia (257.0 units)
3. Slovenia (252.0 units)
4. Germany (113.0 units)
5. North Macedonia (77.0 units)
6. Montenegro (72.0 units)
7. Netherlands (62.0 units)
8. Bulgaria (52.0 units)
9. Austria (49.0 units)
10. Hungary (33.0 units)
11. Kosovo (31.0 units)
12. Afghanistan (17.0 units)

Source: IndexBox Market Intelligence Platform