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Germany - Tractors - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Germany - Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Sep 13, 2023

Average Price for German Tractors Drops by 5% to $71,888 per Unit

Germany Tractor Export Price in May 2023

In May 2023, the tractor price amounted to $71,888 per unit (FOB, Germany), reducing by -4.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in April 2023 an increase of 17% m-o-m. As a result, the export price reached the peak level of $75.4M per thousand units, and then contracted slightly in the following month.

There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was France ($86,585 per unit), while the average price for exports to Poland ($30,177 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Germany Tractor Export Prices By Country (USD Per Unit)
COUNTRYExport Price of Tractor in Germany (USD per unit)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
France64,65352,35262,83262,85359,79467,30067,62973,39771,23672,58868,76588,03986,585
United Kingdom75,59878,00071,04972,29366,95868,40570,58877,76577,10177,91978,63876,36085,730
United States70,33277,70376,56176,23679,11779,63381,86084,67084,51781,26379,65988,99183,171
Hungary72,94362,48662,97564,97152,85470,87660,97280,61573,66466,52061,32471,51282,692
Spain59,45265,58161,57461,04664,27564,21362,67460,64864,26064,09768,68181,43882,421
Italy65,05774,98867,62971,72070,15666,58071,50977,88063,29759,85458,15775,00367,507
Poland32,08029,23332,29021,60415,99232,55821,36636,87730,11434,66027,42639,68530,177
Average61,24361,19062,90357,14459,92060,60260,31167,61666,73265,47364,42975,37771,888

Germany Tractor Exports

In May 2023, the amount of tractors exported from Germany shrank rapidly to 10K units, waning by -18.9% against April 2023 figures. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 with an increase of 81% against the previous month. As a result, the exports reached the peak of 14K units. From November 2022 to May 2023, the growth of the exports remained at a lower figure.

In value terms, tractor exports declined markedly to $753M (IndexBox estimates) in May 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 with an increase of 83% m-o-m. Over the period under review, the exports hit record highs at 973M units in April 2023, and then declined remarkably in the following month.

Germany Tractor Exports by Type

Agricultural and forestry tractors (10K units) was the largest type of tractor exported from Germany, accounting for a 95% share of total exports. It was followed by crawler tractors (300 units), with a 2.9% share of total exports.

From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of export of agricultural and forestry tractors stood at -1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: crawler tractors (+1.9% per month) and pedestrian-controlled tractors (+23.8% per month).

In value terms, agricultural and forestry tractors ($739M) remains the largest type of tractor exported from Germany, comprising 98% of total exports. The second position in the ranking was held by crawler tractors ($14M), with a 1.8% share of total exports.

From May 2022 to May 2023, the average monthly growth rate of the export volume of agricultural and forestry tractors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: crawler tractors (+0.8% per month) and pedestrian-controlled tractors (+18.3% per month).

Germany Tractor Exports by Country

The United States (2.1K units), France (1.4K units) and Poland (1.2K units) were the main destinations of tractor exports from Germany, with a combined 45% share of total exports. These countries were followed by the UK, Turkey, Italy, Spain, Austria, the Netherlands, Australia, Hungary, Lithuania and Norway, which together accounted for a further 32%.

From May 2022 to May 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tractor exported from Germany were the United States ($177M), France ($122M) and the UK ($50M), with a combined 46% share of total exports. These countries were followed by Poland, Italy, Spain, Turkey, the Netherlands, Austria, Hungary, Australia, Lithuania and Norway, which together accounted for a further 31%.

Turkey, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tractor market in Germany. 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:

  • Germany

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Germany
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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