Report Update: Feb 1, 2025

World - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Plough market

Plough market: get access to newly released facts and figures empowered by an Ai-driven BI tool. Statistics include imports, production, consumption, market prices, trade, exports, companies, and market size. Here is a breakdown by country, including Russia, the U.K., EU, China, Latin America, the Middle East, Africa, and the U.S. Market dynamics and outlook to 2030 are also provided in the reports.

Plough - World's Largest Markets

Rating	Country
1	United States
2	Norway
3	France
4	Germany
5	Nigeria

In value terms, the United States, Norway and France appeared to be the countries with the highest levels of market value in 2020, with a combined 31% share of the global market. These countries were followed by Germany, Nigeria, Russia, Romania, the UK, China, Ukraine, Brazil, Kazakhstan and Zimbabwe, which together accounted for a further 35%.

Zimbabwe (+277.7% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while plough market for the other global leaders experienced more modest paces of growth.

Plough Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
China	501	496	447	-5.5%
Turkey	495	496	476	-2.0%
Poland	899	903	971	4.0%
Italy	1402	1380	1206	-7.2%
Denmark	1316	1263	1269	-1.8%
Hungary	1122	1279	1310	8.1%
Czech Republic	1416	1339	1317	-3.6%
France	1471	1415	1516	1.5%
India	1490	1318	1624	4.4%
Sweden	1769	1690	1709	-1.7%
Norway	1804	1723	1806	0.0%
Germany	1926	1798	1893	-0.9%
United States	3955	2892	2238	-24.8%
Average	1341	1240	1258	-3.1%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($2,238 per unit), while China ($447 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
France	1725	1663	2496	20.3%
United Kingdom	1926	1891	1870	-1.5%
Sweden	1923	1710	1814	-2.9%
Germany	1581	1587	1659	2.4%
Denmark	1964	1650	1638	-8.7%
Poland	1649	1637	1620	-0.9%
Ukraine	1542	1470	1577	1.1%
Canada	1561	1530	1453	-3.5%
Romania	1389	1295	1335	-1.9%
Netherlands	1113	833	1286	7.5%
Russia	1264	1104	1144	-4.9%
Nigeria	1424	964	635	-33.2%
Kazakhstan	688	739	552	-10.4%
Average	1324	1265	1210	-4.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($2,496 per unit), while Kazakhstan ($552 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Plough - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
United Kingdom	20	15	19	-1.3%
Nigeria	2.1	3.2	19	195.2%
Germany	21	20	18	-8.4%
France	20	25	18	-4.8%
Romania	25	20	16	-19.2%

In value terms, the largest plough importing markets worldwide were the UK ($19M), Nigeria ($19M) and Germany ($18M), together comprising 15% of global imports.

Nigeria (+195.2% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Plough - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Germany	116	83	67	-24.0%
Norway	60	48	49	-10.0%
France	67	51	46	-16.8%
Czech Republic	27	22	23	-7.5%
United States	22	15	17	-12.5%

In value terms, the largest plough supplying countries worldwide were Germany ($67M), Norway ($49M) and France ($46M), with a combined 43% share of global exports. The Czech Republic, the United States, Italy, Sweden, Turkey, China, India, Hungary, Denmark and Poland lagged somewhat behind, together accounting for a further 39%.

Among the main exporting countries, Denmark (+91.3% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Plough - Market Forecast

Driven by increasing demand for plough worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Plough - Top Companies

Hunan Xiangtian Farming Machinery Co., Ltd., Deere & Company, KUBOTA CORPORATION, AGCO Corporation, Hans Kunz, Landtechnik AG, Claas KG auf Aktien mbH, Case New Holland Industrial Inc., John Deere GmbH & Co. KG, The Toro Company, CROPLANDS EQUIPMENT PTY LTD, CNH Industrial Belgium NV, SIAM KUBOTA CORPORATION COMPANY LIMITED, FARMWORKS RURAL PTY LTD, ISEKI & CO., LTD., JAIN IRRIGATION SYSTEMS LIMITED, Andreas Stihl AG & Co. KG, Luoyang China No.1 Tractor Co., Ltd., Yunnan Lifan Junma Vehicle Co.,Ltd., Creamer Metal Products, New Holland North America, Inc

Plough - Product Coverage

HS 843210 - Ploughs; for soil preparation

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global plough market. 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 28303130 -
Prodcom 28303150 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024