Price for Tractors; (Other than Tractors of Heading No 8709) in Norway - 2024

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Norway (CIF) - 2024
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Norway (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Norway
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Norway

Price for Tractors; (Other than Tractors of Heading No 8709) in Norway (CIF) - 2024

The average import price for tractors; (other than tractors of heading no 8709)s stood at $96,856 per unit in January 2024, falling by -9.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 26% m-o-m. Over the period under review, average import prices attained the peak figure at $108K per unit in July 2023; afterwards, it flattened through to January 2024.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($192K per unit), while the price for China ($7,019 per unit) was amongst the lowest.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), 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 Norway (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $19,445 per unit, declining by -8.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $21,237 per unit in 2021, and then dropped in the following year.

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 Sweden ($60,580 per unit), while the average price for exports to Bosnia and Herzegovina ($2,514 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 Lithuania (+15.8%), 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 Norway

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Norway expanded slightly to 4.7K units, picking up by 3.4% against 2021 figures. Over the period under review, imports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked at 4.9K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank modestly to $403M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $412M, and then declined modestly in the following year.

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

1. Germany (1012.0 units)
2. China (761.0 units)
3. Sweden (740.0 units)
4. France (548.0 units)
5. Finland (516.0 units)
6. Netherlands (354.0 units)
7. Italy (168.0 units)
8. United Kingdom (90.0 units)

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

In 2022, shipments abroad of tractors; (other than tractors of heading no 8709)s decreased by -6% to 1.5K units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 8.5% against the previous year. As a result, the exports reached the peak of 1.9K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s contracted to $29M in 2022. Over the period under review, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $38M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Poland (384.0 units)
2. Sudan (250.0 units)
3. Bosnia and Herzegovina (148.0 units)
4. Netherlands (127.0 units)
5. Lithuania (124.0 units)
6. Denmark (87.0 units)
7. Sweden (75.0 units)
8. Romania (42.0 units)
9. United Kingdom (41.0 units)
10. Germany (32.0 units)
11. Estonia (25.0 units)
12. Finland (25.0 units)
13. Ghana (24.0 units)

Source: IndexBox Market Intelligence Platform