India - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in India - 2023
Contents:
- Tractor Price in India (FOB) - 2023
- Tractor Price in India (CIF) - 2022
- Tractor Exports in India
- Tractor Imports in India
Tractor Price in India (FOB) - 2023
In September 2023, the average tractor export price amounted to $11,060 per unit, reducing by -6.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 6.3% m-o-m. Over the period under review, the average export prices reached the peak figure at $12,583 per unit in January 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($16,997 per unit), while the average price for exports to the Netherlands ($6,317 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Price in India (CIF) - 2022
In 2022, the average tractor import price amounted to $3,393 per unit, dropping by -28.7% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2013 when the average import price increased by 9.1% against the previous year. As a result, import price reached the peak level of $6,322 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($65,478 per unit), while the price for Thailand ($3,033 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.1%), while the prices for the other major suppliers experienced a decline.
Tractor Exports in India
Tractor exports from India shrank rapidly to 132K units in 2022, with a decrease of -31.5% on the previous year's figure. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 173%. As a result, the exports attained the peak of 192K units, and then reduced markedly in the following year.
In value terms, tractor exports surged to $1.6B in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 79%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Tractor in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 168 | 168 | 325 | 514 | 45.2% |
Netherlands | 19.4 | 16.7 | 59.7 | 107 | 76.7% |
Brazil | 15.7 | 28.0 | 54.5 | 80.9 | 72.7% |
Bangladesh | 75.7 | 51.4 | 86.9 | 76.7 | 0.4% |
Thailand | 46.0 | 31.6 | 66.7 | 68.6 | 14.2% |
Mexico | 39.7 | 25.1 | 41.9 | 63.7 | 17.1% |
South Africa | 28.3 | 25.1 | 44.0 | 60.1 | 28.5% |
Australia | 11.5 | 17.9 | 27.2 | 35.6 | 45.7% |
Nepal | 76.2 | 56.2 | 91.2 | 32.5 | -24.7% |
Turkey | 2.9 | 12.0 | 12.1 | 27.6 | 111.9% |
Tanzania | 8.9 | 10.0 | 14.8 | 25.6 | 42.2% |
Germany | 6.9 | 14.6 | 26.0 | 24.4 | 52.4% |
France | 9.0 | 12.0 | 26.1 | 22.0 | 34.7% |
Others | 294 | 259 | 422 | 428 | 13.3% |
Total | 802 | 727 | 1,298 | 1,566 | 25.0% |
Top Export Markets for Tractor from India in 2022:
- United States (35.2K units)
- Bangladesh (8.6K units)
- Brazil (7.5K units)
- Thailand (6.8K units)
- Nepal (6.2K units)
- Netherlands (5.3K units)
- Mexico (5.2K units)
- South Africa (4.8K units)
- France (3.7K units)
- Germany (3.6K units)
- Turkey (2.4K units)
- Tanzania (2.3K units)
- Australia (2.3K units)
Tractor Imports in India
In 2022, supplies from abroad of tractors was finally on the rise to reach 13K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decrease. Over the period under review, imports attained the peak figure at 18K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tractor imports declined markedly to $44M in 2022. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 0.9%. Imports peaked at $76M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Tractor in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 63.9 | 53.2 | 56.1 | 38.4 | -15.6% |
Japan | 1.5 | 2.1 | 3.2 | 1.7 | 4.3% |
China | 4.4 | 3.3 | 1.2 | 0.7 | -45.8% |
Brazil | 0.7 | N/A | N/A | N/A | 0% |
Others | 5.1 | 2.7 | 1.4 | 3.6 | -11.0% |
Total | 75.6 | 61.3 | 61.8 | 44.3 | -16.3% |
Top Suppliers of Tractor to India in 2022:
- China (undefinedK units)
- Thailand (12.7K units)
- Japan (0.3K units)
This report provides an in-depth analysis of the tractor market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in India.
This report provides an in-depth analysis of the crawler tractor market in India.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in India.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in India.
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.
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
Explore the top countries by import value for Crawler Tractors, including the United States, Canada, Australia, and more. Discover key statistics and trends in the global market for these essential machines.
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.