Estonia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Estonia - 2023
Contents:
- Tractor Price in Estonia (CIF) - 2022
- Tractor Price in Estonia (FOB) - 2023
- Tractor Imports in Estonia
- Tractor Exports in Estonia
Tractor Price in Estonia (CIF) - 2022
In 2022, the average tractor import price amounted to $59,660 per unit, which is down by -7.9% against the previous year. Overall, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $64,780 per unit, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($289,051 per unit), while the price for China ($10,475 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Estonia (FOB) - 2023
In September 2023, the average tractor export price amounted to $48,221 per unit, which is down by -10.1% against the previous month. In general, export price indicated a notable increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, tractor export price decreased by -27.3% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 61% m-o-m. Over the period under review, the average export prices hit record highs at $66,328 per unit in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($75,094 per unit), while the average price for exports to Croatia ($15,905 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Estonia
In 2022, approx. 2.5K units of tractors were imported into Estonia; surging by 7% against 2021. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked at 3.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, tractor imports declined to $150M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +75.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $153M, and then dropped slightly in the following year.
Import of Tractor in Estonia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 33.7 | 26.0 | 40.0 | 41.3 | 7.0% |
Sweden | 35.7 | 13.7 | 31.9 | 27.7 | -8.1% |
Finland | 17.5 | 12.5 | 18.3 | 21.9 | 7.8% |
United States | 7.0 | 7.7 | 13.1 | 11.6 | 18.3% |
China | 3.5 | 3.7 | 7.2 | 10.8 | 45.6% |
Netherlands | 8.4 | 2.0 | 10.7 | 8.0 | -1.6% |
Norway | N/A | 4.9 | 5.6 | 4.6 | -3.1% |
South Korea | 0.6 | 0.2 | 0.4 | 0.9 | 14.5% |
Japan | 3.8 | 0.3 | 0.2 | 0.4 | -52.8% |
Others | 27.8 | 14.8 | 25.2 | 23.2 | -5.9% |
Total | 138 | 85.8 | 153 | 150 | 2.8% |
Top Suppliers of Tractor to Estonia in 2022:
- China (1030.0 units)
- Germany (283.0 units)
- Sweden (219.0 units)
- United States (208.0 units)
- Norway (157.0 units)
- Finland (149.0 units)
- Netherlands (92.0 units)
- Japan (57.0 units)
- South Korea (30.0 units)
Tractor Exports in Estonia
In 2022, the amount of tractors exported from Estonia shrank sharply to 910 units, reducing by -17.7% compared with the previous year's figure. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tractor exports shrank slightly to $36M in 2022. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum at $40M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Tractor in Estonia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Latvia | 4.1 | 3.1 | 9.1 | 8.2 | 26.0% |
Finland | 7.0 | 7.5 | 6.3 | 4.8 | -11.8% |
Poland | 3.5 | 3.1 | 4.0 | 4.6 | 9.5% |
Lithuania | 1.3 | 1.8 | 3.1 | 2.9 | 30.7% |
Germany | 1.3 | 2.3 | 2.0 | 2.6 | 26.0% |
Sweden | 2.0 | 1.0 | 0.2 | 2.5 | 7.7% |
Uzbekistan | 0.6 | 0.7 | 0.1 | 1.4 | 32.6% |
Denmark | 0.6 | 0.7 | 1.2 | 1.3 | 29.4% |
Norway | N/A | 0.2 | 2.3 | 1.1 | 134.5% |
Russia | 15.7 | 0.4 | 1.9 | 1.0 | -60.1% |
Ukraine | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
Mongolia | N/A | N/A | 0.5 | 0.3 | -40.0% |
Others | 3.7 | 3.6 | 6.4 | 4.6 | 7.5% |
Total | 40.3 | 24.7 | 37.4 | 35.6 | -4.0% |
Top Export Markets for Tractor from Estonia in 2022:
- Finland (219.0 units)
- Latvia (142.0 units)
- Lithuania (99.0 units)
- Norway (90.0 units)
- Poland (68.0 units)
- Denmark (62.0 units)
- Sweden (45.0 units)
- Mongolia (27.0 units)
- Russia (19.0 units)
- Uzbekistan (15.0 units)
- Germany (13.0 units)
- Ukraine (12.0 units)
This report provides an in-depth analysis of the tractor market in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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
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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 Estonia.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Estonia.
This report provides an in-depth analysis of the crawler tractor market in Estonia.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Estonia.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Estonia.
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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