Price for Tractors; (Other than Tractors of Heading No 8709) in Belgium - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Belgium (FOB) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Belgium (CIF) - 2022
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Belgium
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Belgium
Price for Tractors; (Other than Tractors of Heading No 8709) in Belgium (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $16,485 per unit, which is down by -32.7% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 24%. The export price peaked at $62,640 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Lithuania ($32,151 per unit), while the average price for exports to Nigeria ($2,274 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 Italy (-6.4%), while the prices for the other major destinations experienced a decline.
Price for Tractors; (Other than Tractors of Heading No 8709) in Belgium (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $16,980 per unit in 2022, with a decrease of -8% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 49%. The import price peaked at $49,743 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($95,615 per unit), while the price for China ($2,446 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tractors; (Other than Tractors of Heading No 8709) in Belgium
For the fourth year in a row, Belgium recorded growth in shipments abroad of tractors; (other than tractors of heading no 8709)s, which increased by 64% to 222K units in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 118%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s rose significantly to $3.7B in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 369 | 296 | 428 | 521 | 12.2% |
| Germany | 290 | 234 | 295 | 328 | 4.2% |
| Poland | 212 | 187 | 332 | 319 | 14.6% |
| Spain | 155 | 162 | 199 | 234 | 14.7% |
| Netherlands | 206 | 144 | 225 | 231 | 3.9% |
| United Kingdom | 231 | 184 | 185 | 215 | -2.4% |
| Italy | 117 | 99.5 | 137 | 157 | 10.3% |
| Lithuania | 102 | 94.7 | 124 | 152 | 14.2% |
| Romania | 52.5 | 65.9 | 124 | 146 | 40.6% |
| Bulgaria | 106 | 67.6 | 113 | 142 | 10.2% |
| Luxembourg | 79.5 | 65.3 | 57.0 | 59.9 | -9.0% |
| Cote d'Ivoire | 10.5 | 16.1 | 21.3 | 20.8 | 25.6% |
| Nigeria | 8.9 | 14.3 | 14.0 | 9.2 | 1.1% |
| Others | 655 | 743 | 1,065 | 1,118 | 19.5% |
| Total | 2,594 | 2,373 | 3,318 | 3,654 | 12.1% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Belgium in 2022:
- Netherlands (33.2K units)
- France (32.2K units)
- Poland (18.9K units)
- Germany (14.2K units)
- Romania (10.3K units)
- Spain (8.8K units)
- United Kingdom (8.3K units)
- Luxembourg (5.8K units)
- Bulgaria (5.6K units)
- Italy (5.4K units)
- Lithuania (4.7K units)
- Nigeria (4.1K units)
- Cote d'Ivoire (4.1K units)
Imports of Tractors; (Other than Tractors of Heading No 8709) in Belgium
For the fourth consecutive year, Belgium recorded growth in purchases abroad of tractors; (other than tractors of heading no 8709)s, which increased by 33% to 101K units in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tractors; (other than tractors of heading no 8709)s surged to $1.7B in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +69.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 452 | 265 | 379 | 508 | 4.0% |
| United Kingdom | 86.9 | 83.3 | 150 | 260 | 44.1% |
| Germany | 258 | 204 | 188 | 223 | -4.7% |
| France | 99.1 | 87.2 | 141 | 178 | 21.6% |
| China | 0.2 | 9.6 | 38.6 | 101 | 696.3% |
| United States | 139 | 105 | 150 | 79.0 | -17.2% |
| Italy | 20.4 | 33.7 | 45.2 | 78.0 | 56.4% |
| Poland | 52.4 | 44.2 | 61.8 | 55.3 | 1.8% |
| Mexico | 30.3 | 45.2 | 52.3 | 47.9 | 16.5% |
| South Korea | 5.7 | 4.3 | 14.5 | 27.0 | 67.9% |
| Taiwan (Chinese) | N/A | 17.8 | 19.0 | 23.9 | 15.9% |
| India | 3.7 | 4.4 | 6.2 | 6.8 | 22.5% |
| Japan | 5.6 | 8.0 | 6.0 | 6.4 | 4.6% |
| Others | 148 | 101 | 146 | 121 | -6.5% |
| Total | 1,301 | 1,013 | 1,397 | 1,713 | 9.6% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Belgium in 2022:
- China (41.3K units)
- France (11.0K units)
- Mexico (6.7K units)
- Taiwan (Chinese) (6.5K units)
- Netherlands (5.3K units)
- Germany (4.7K units)
- Italy (4.5K units)
- United Kingdom (4.1K units)
- South Korea (3.6K units)
- Poland (2.3K units)
- India (1.7K units)
- United States (1.5K units)
- Japan (1.5K units)
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