Price for Tractors; (Other than Tractors of Heading No 8709) in Luxembourg - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg
Price for Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $49,826 per unit, picking up by 144% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($57,864 per unit), while the price for Slovakia ($29,264 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $30,293 per unit in 2022, jumping by 78% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $37,916 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($54,223 per unit), while the average price for exports to Portugal ($10,597 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 (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg
After three years of growth, overseas purchases of tractors; (other than tractors of heading no 8709)s decreased by -64.2% to 2.2K units in 2022. Overall, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 6K units, and then shrank notably in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s contracted to $107M in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Imports peaked at $137M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 67.8 | 50.6 | 58.5 | 56.6 | -5.8% |
| Germany | 26.8 | 26.8 | 37.7 | 32.9 | 7.1% |
| France | 18.7 | 16.8 | 13.1 | 10.3 | -18.0% |
| Netherlands | 10.3 | 2.3 | 6.5 | 2.4 | -38.5% |
| Italy | 1.3 | 0.8 | 1.0 | 1.6 | 7.2% |
| Slovakia | N/A | 0.1 | 3.0 | 1.4 | 274.2% |
| Others | 11.6 | 4.0 | 3.3 | 2.3 | -41.7% |
| Total | 137 | 101 | 123 | 107 | -7.9% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Luxembourg in 2022:
- Belgium (1202.0 units)
- Germany (591.0 units)
- France (178.0 units)
- Slovakia (49.0 units)
- Italy (48.0 units)
- Netherlands (45.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg
In 2022, overseas shipments of tractors; (other than tractors of heading no 8709)s decreased by -59.9% to 1.4K units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 201% against the previous year. As a result, the exports reached the peak of 3.8K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tractors; (other than tractors of heading no 8709)s fell notably to $42M in 2022. Overall, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when exports increased by 80%. As a result, the exports reached the peak of $79M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.9 | 34.2 | 23.3 | 16.1 | -3.5% |
| Germany | 6.5 | 10.5 | 7.2 | 9.5 | 13.5% |
| Belgium | 10.4 | 15.4 | 11.5 | 7.3 | -11.1% |
| Netherlands | 2.7 | 2.0 | 2.5 | 2.0 | -9.5% |
| Romania | 0.8 | 10.2 | 4.6 | 1.0 | 7.7% |
| Switzerland | 0.8 | 1.1 | 0.6 | 1.0 | 7.7% |
| Poland | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Others | 4.6 | 5.2 | 8.0 | 4.4 | -1.5% |
| Total | 44.0 | 79.0 | 58.1 | 41.5 | -1.9% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Luxembourg in 2022:
- France (296.0 units)
- Germany (231.0 units)
- Belgium (222.0 units)
- Netherlands (142.0 units)
- Romania (42.0 units)
- Switzerland (21.0 units)
- Poland (18.0 units)
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