Belgium - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Belgium - 2023
Contents:
- Price for Agricultural and Forestry Tractor in Belgium (CIF) - 2023
- Price for Agricultural and Forestry Tractor in Belgium (FOB) - 2023
- Imports of Agricultural and Forestry Tractor in Belgium
- Exports of Agricultural and Forestry Tractor in Belgium
Price for Agricultural and Forestry Tractor in Belgium (CIF) - 2023
The average agricultural and forestry tractor import price stood at $93,031 per unit in August 2023, jumping by 28% against the previous month. Over the period under review, import price indicated resilient growth from August 2022 to August 2023: its price increased at an average monthly rate of +8.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, agricultural and forestry tractor import price increased by +169.9% against August 2022 indices. The growth pace was the most rapid in September 2022 when the average import price increased by 40% against the previous month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($140K per unit), while the price for Japan ($7,482 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.
Price for Agricultural and Forestry Tractor in Belgium (FOB) - 2023
The average agricultural and forestry tractor export price stood at $80,522 per unit in August 2023, approximately reflecting the previous month. In general, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 65% against the previous month. Over the period under review, the average export prices reached the peak figure at $84,763 per unit in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Hungary ($174K per unit), while the average price for exports to the Netherlands ($16,107 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Agricultural and Forestry Tractor in Belgium
For the fourth consecutive year, Belgium recorded growth in purchases abroad of agricultural and forestry tractors, which increased by 20% to 170K units in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 323%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, agricultural and forestry tractor imports soared to $777M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Agricultural and Forestry Tractor in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 85.4 | 99.4 | 189 | 351 | 60.2% |
| Germany | 87.8 | 130 | 148 | 158 | 21.6% |
| United States | 104 | 82.2 | 138 | 59.9 | -16.8% |
| France | 28.6 | 32.5 | 62.4 | 55.8 | 25.0% |
| Netherlands | 48.2 | 23.1 | 15.7 | 31.5 | -13.2% |
| South Korea | 5.7 | 5.3 | 6.1 | 17.5 | 45.3% |
| Japan | 5.6 | 5.8 | 7.4 | 8.7 | 15.8% |
| India | 3.7 | 4.9 | 6.4 | 7.9 | 28.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 2.3 | 0% |
| Mexico | 30.3 | 6.4 | 3.2 | N/A | -67.5% |
| Others | 62.0 | 74.8 | 70.9 | 84.6 | 10.9% |
| Total | 461 | 464 | 647 | 777 | 19.0% |
Top Suppliers of Agricultural and Forestry Tractor to Belgium in 2022:
- United Kingdom (32.7K units)
- India (31.1K units)
- Netherlands (24.0K units)
- South Korea (15.7K units)
- France (14.8K units)
- Germany (11.5K units)
- Japan (10.9K units)
- Taiwan (Chinese) (3.8K units)
- United States (2.6K units)
Exports of Agricultural and Forestry Tractor in Belgium
Agricultural and forestry tractor exports from Belgium surged to 87K units in 2022, growing by 138% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 233%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, agricultural and forestry tractor exports surged to $637M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Agricultural and Forestry Tractor in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 44.3 | 35.4 | 99.9 | 157 | 52.5% |
| Germany | 34.6 | 34.3 | 40.1 | 73.1 | 28.3% |
| Poland | 24.8 | 31.5 | 51.2 | 55.9 | 31.1% |
| Italy | 17.1 | 19.1 | 35.3 | 54.9 | 47.5% |
| Netherlands | 61.7 | 37.3 | 39.0 | 39.5 | -13.8% |
| Bulgaria | 37.2 | 18.8 | 32.2 | 37.4 | 0.2% |
| United Kingdom | 29.2 | 37.5 | 20.9 | 34.9 | 6.1% |
| Austria | 5.9 | 6.2 | 10.8 | 14.2 | 34.0% |
| Cote d'Ivoire | N/A | 0.1 | 0.1 | 2.1 | 358.3% |
| Others | 100 | 137 | 201 | 169 | 19.1% |
| Total | 355 | 357 | 531 | 637 | 21.5% |
Top Export Markets for Agricultural and Forestry Tractor from Belgium in 2022:
- France (38.4K units)
- Netherlands (10.1K units)
- Poland (5.6K units)
- United Kingdom (4.6K units)
- Germany (4.2K units)
- Cote d'Ivoire (2.7K units)
- Italy (2.6K units)
- Bulgaria (1.6K units)
- Austria (1.5K units)
This report provides an in-depth analysis of the market for agricultural and forestry tractor 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 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
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
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