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

Contents:

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

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

The average import price for tractors; (other than tractors of heading no 8709)s stood at $1,887 per unit in 2022, jumping by 33% against the previous year. Overall, the import price enjoyed temperate growth. The pace of growth appeared the most rapid in 2017 an increase of 63%. As a result, import price reached the peak level of $2,744 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,894 per unit), while the price for Italy ($1,062 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.7%), 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 Greece (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $5,018 per unit, dropping by -36.2% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 193%. Over the period under review, the average export prices hit record highs at $19,151 per unit in 2018; however, from 2019 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 North Macedonia ($22,483 per unit), while the average price for exports to Georgia ($1,152 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 Iraq (+27.6%), 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 Greece

In 2022, after three years of growth, there was significant decline in supplies from abroad of tractors; (other than tractors of heading no 8709)s, when their volume decreased by -55.7% to 55K units. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 160% against the previous year. Over the period under review, imports of hit record highs at 125K units in 2021, and then shrank markedly in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank rapidly to $105M in 2022. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 115% against the previous year. Over the period under review, imports of hit record highs at $178M in 2021, and then contracted markedly in the following year.

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

1. Italy (35.3K units)
2. Germany (13.2K units)
3. Netherlands (1.6K units)
4. Austria (0.9K units)
5. Japan (0.9K units)

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

Exports of tractors; (other than tractors of heading no 8709)s from Greece skyrocketed to 1.7K units in 2022, rising by 119% compared with 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 178%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $8.4M in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Bulgaria (690.0 units)
2. Albania (226.0 units)
3. Cyprus (154.0 units)
4. Turkey (145.0 units)
5. Italy (78.0 units)
6. Georgia (66.0 units)
7. Netherlands (52.0 units)
8. North Macedonia (33.0 units)
9. Jordan (32.0 units)
10. Egypt (30.0 units)
11. Nigeria (10.0 units)
12. Germany (2.0 units)

Source: IndexBox Market Intelligence Platform