Belgium - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Belgium - 2023
Contents:
- Tractor Price in Belgium (FOB) - 2022
- Tractor Price in Belgium (CIF) - 2023
- Tractor Exports in Belgium
- Tractor Imports in Belgium
Tractor Price in Belgium (FOB) - 2022
The average tractor export price stood at $14,336 per unit in 2022, with an increase of 3.7% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $60,748 per unit. From 2019 to 2022, the average export prices remained at a 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 Lithuania ($27,312 per unit), while the average price for exports to Nigeria ($1,783 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 Germany (-7.4%), while the prices for the other major destinations experienced a decline.
Tractor Price in Belgium (CIF) - 2023
The average tractor import price stood at $71,703 per unit in August 2023, falling by -4.8% against the previous month. Overall, import price indicated a prominent expansion from August 2022 to August 2023: its price increased at an average monthly rate of +7.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, tractor import price increased by +58.6% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 42% against the previous month. The import price peaked at $75,317 per unit in July 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($132K per unit), while the price for France ($5,129 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Exports in Belgium
In 2022, overseas shipments of tractors decreased by -12% to 211K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 278%. As a result, the exports attained the peak of 240K units, and then contracted in the following year.
In value terms, tractor exports fell to $3B in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $3.3B, and then dropped in the following year.
Export of Tractor in Belgium (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 368 | 288 | 405 | 427 | 5.1% |
Poland | 211 | 201 | 359 | 309 | 13.6% |
Germany | 288 | 238 | 291 | 289 | 0.1% |
Netherlands | 206 | 164 | 245 | 207 | 0.2% |
United Kingdom | 230 | 197 | 203 | 198 | -4.9% |
Spain | 154 | 162 | 209 | 177 | 4.7% |
Italy | 116 | 108 | 150 | 149 | 8.7% |
Bulgaria | 106 | 74.9 | 127 | 115 | 2.8% |
Lithuania | 102 | 100 | 132 | 106 | 1.3% |
China | 8.7 | 66.9 | 93.7 | 78.1 | 107.8% |
Cote d'Ivoire | 10.5 | 11.5 | 15.8 | 16.1 | 15.3% |
Guinea | 6.8 | 6.5 | 12.3 | 11.7 | 19.8% |
Nigeria | 8.8 | 11.4 | 9.8 | 9.3 | 1.9% |
Others | 778 | 744 | 1,066 | 935 | 6.3% |
Total | 2,594 | 2,373 | 3,318 | 3,029 | 5.3% |
Top Export Markets for Tractor from Belgium in 2022:
- France (48.3K units)
- Netherlands (30.4K units)
- Poland (15.9K units)
- Germany (12.3K units)
- United Kingdom (9.8K units)
- Spain (7.3K units)
- Italy (6.2K units)
- Guinea (5.9K units)
- Nigeria (5.2K units)
- Cote d'Ivoire (5.0K units)
- Bulgaria (4.4K units)
- Lithuania (3.9K units)
- China (3.4K units)
Tractor Imports in Belgium
In 2022, after three years of growth, there was significant decline in supplies from abroad of tractors, when their volume decreased by -24% to 358K units. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 524% against the previous year. As a result, imports reached the peak of 471K units, and then declined remarkably in the following year.
In value terms, tractor imports expanded to $1.4B in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Tractor in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 86.9 | 100 | 189 | 352 | 59.4% |
Netherlands | 452 | 296 | 412 | 340 | -9.1% |
Germany | 258 | 239 | 225 | 266 | 1.0% |
France | 99.1 | 79.3 | 143 | 117 | 5.7% |
Italy | 20.4 | 35.6 | 51.3 | 44.8 | 30.0% |
Spain | 37.7 | 25.5 | 35.6 | 36.4 | -1.2% |
Poland | 52.4 | 8.6 | 8.5 | 23.6 | -23.3% |
South Korea | 5.7 | 5.3 | 6.1 | 17.5 | 45.3% |
Japan | 5.6 | 5.9 | 7.4 | 8.7 | 15.8% |
India | 3.7 | 5.0 | 6.4 | 7.9 | 28.8% |
Others | 280 | 212 | 312 | 215 | -8.4% |
Total | 1,301 | 1,013 | 1,397 | 1,428 | 3.2% |
Top Suppliers of Tractor to Belgium in 2022:
- Germany (77.6K units)
- Netherlands (76.3K units)
- France (56.0K units)
- United Kingdom (32.8K units)
- India (31.1K units)
- South Korea (15.7K units)
- Japan (10.9K units)
- Spain (10.3K units)
- Poland (8.5K units)
- Italy (5.8K units)
This report provides an in-depth analysis of the tractor market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tractor market in Belgium.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Belgium.
This report provides an in-depth analysis of the crawler tractor market in Belgium.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Belgium.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Belgium.
This report provides an in-depth analysis of the global tractor market.
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
This report provides an in-depth analysis of the global crawler tractor market.
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
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