Price for Tractors; (Other than Tractors of Heading No 8709) in Ukraine - 2023

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Ukraine (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Ukraine (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Ukraine
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Ukraine

Price for Tractors; (Other than Tractors of Heading No 8709) in Ukraine (CIF) - 2022

The average import price for tractors; (other than tractors of heading no 8709)s stood at $16,634 per unit in 2022, with an increase of 3.2% against the previous year. In general, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2016 an increase of 55% against the previous year. As a result, import price attained the peak level of $28,007 per unit. From 2017 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 the United States ($150,778 per unit), while the price for Japan ($2,882 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Ukraine (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $9,108 per unit, picking up by 118% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices attained the peak figure at $41,120 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($64,176 per unit), while the average price for exports to Belarus ($1,024 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 Nigeria (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Ukraine

In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Ukraine reduced slightly to 48K units, stabilizing at 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +73.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports reached the peak of 48K units, leveling off in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s rose to $793M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Ukraine in 2022:

1. China (21.2K units)
2. Poland (5.9K units)
3. Germany (4.7K units)
4. Netherlands (3.5K units)
5. Belarus (2.2K units)
6. France (1.6K units)
7. Slovakia (1.5K units)
8. Sweden (1.1K units)
9. Belgium (0.9K units)
10. Czech Republic (0.8K units)
11. Japan (0.7K units)
12. United States (0.5K units)
13. United Kingdom (0.4K units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Ukraine

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Ukraine declined significantly to 792 units, shrinking by -52.2% on 2021. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 159% against the previous year. As a result, the exports reached the peak of 1.7K units, and then shrank significantly in the following year.

In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded modestly to $7.2M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Ukraine in 2022:

1. Nigeria (197.0 units)
2. Hungary (125.0 units)
3. Poland (100.0 units)
4. Kyrgyzstan (78.0 units)
5. Germany (62.0 units)
6. Moldova (40.0 units)
7. Netherlands (36.0 units)
8. Belarus (33.0 units)
9. Afghanistan (9.0 units)
10. Jordan (7.0 units)

Source: IndexBox Market Intelligence Platform