EU: Tractor Market 2024

Tractor Market Size in the EU

The EU tractor market rose sharply to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a dramatic decline. The level of consumption peaked at $X.2B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tractor Production in the EU

In value terms, tractor production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.3B in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Tractor Exports

Exports in the EU

Tractor exports rose modestly to X units in 2022, increasing by X% against the year before. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tractor exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, the Netherlands (X units), Germany (X units) and France (X units) represented the main exporter of tractors in the European Union, mixing up X% of total export. Belgium (X units) ranks next in terms of the total exports with an X% share, followed by Italy (X%) and Poland (X%). The following exporters - Spain (X units), Sweden (X units), Austria (X units), Finland (X units) and Lithuania (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tractor supplying countries in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports. Belgium, Italy, Spain, Sweden, Austria, Poland, Finland and Lithuania lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Tractor Imports

Imports in the EU

In 2022, approx. X units of tractors were imported in the European Union; approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tractor imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, France (X units), Poland (X units), Germany (X units), Belgium (X units), Italy (X units) and the Netherlands (X units) was the main importer of tractors in the European Union, constituting X% of total import. It was distantly followed by Spain (X units) and Romania (X units), together generating a X% share of total imports. Lithuania (X units), Austria (X units), the Czech Republic (X units), Portugal (X units) and Hungary (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, Belgium, Spain, the Netherlands, Austria, the Czech Republic, Lithuania, Romania, Hungary and Portugal lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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