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

Contents:

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

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

In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $29,997 per unit, picking up by 26% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 134% m-o-m. The import price peaked at $30,727 per unit in December 2022; afterwards, it flattened through to November 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($142K per unit), while the price for Japan ($2,737 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.2%), 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 Slovakia (FOB) - 2023

In November 2023, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $19,970 per unit, jumping by 19% against the previous month. In general, the export price posted a notable increase. The pace of growth was the most pronounced in March 2023 an increase of 182% month-to-month. As a result, the export price reached the peak level of $32,429 per unit; afterwards, it flattened through to November 2023.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Turkey ($121K per unit), while the average price for exports to Armenia ($4,360 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 Germany (+28.3%), 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 Slovakia

In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Slovakia expanded remarkably to 19K units, increasing by 6.1% on the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 158%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of tractors; (other than tractors of heading no 8709)s contracted to $419M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports reached the peak of $454M, and then reduced in the following year.

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

1. Czech Republic (3.7K units)
2. Austria (3.5K units)
3. Germany (2.3K units)
4. Netherlands (1.9K units)
5. Sweden (1.4K units)
6. Hungary (1.3K units)
7. Japan (1.2K units)
8. Poland (0.9K units)
9. Denmark (0.8K units)
10. France (0.6K units)
11. Turkey (0.5K units)
12. Belgium (0.4K units)
13. Italy (0.3K units)

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

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Slovakia soared to 13K units, rising by 69% against 2021. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tractors; (other than tractors of heading no 8709)s soared to $175M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +46.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Poland (5.6K units)
2. Ukraine (2.5K units)
3. Hungary (1.4K units)
4. Germany (0.8K units)
5. Czech Republic (0.7K units)
6. Romania (0.5K units)
7. Lithuania (0.2K units)

Source: IndexBox Market Intelligence Platform