Report Update: Jan 1, 2025

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

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Tractor Prices in China

China Tractor Export Price in July 2022

In July 2022, the tractor price amounted to $7,145 per unit (FOB, China), picking up by 54% against the previous month. In general, the export price showed a noticeable increase. The growth pace was the most rapid in March 2022 when the average export price increased by 181% month-to-month. As a result, the export price reached the peak level of $9,161 per unit; afterwards, it flattened through to July 2022.

Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($3,328 per unit), while the average price for exports to Benin ($473 per unit) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+134.9%), while the prices for the other major destinations experienced more modest paces of growth.

China Tractor Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was agricultural and forestry tractors ($15,798 per unit), while the average price for exports of pedestrian-controlled tractors ($1,061 per unit) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: pedestrian-controlled tractor (+11.2%), while the prices for the other products experienced more modest paces of growth.

China Tractor Exports

After three months of growth, overseas shipments of tractors decreased by -15.8% to 10K units in July 2022. In general, exports showed a perceptible setback. The most prominent rate of growth was recorded in April 2022 when exports increased by 32% m-o-m. Over the period under review, the exports attained the peak figure at 16K units in February 2022; afterwards, it flattened through to July 2022.

In value terms, tractor exports skyrocketed to $73M (IndexBox estimates) in July 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at 75M units in January 2022; however, from February 2022 to July 2022, the exports stood at a somewhat lower figure.

China Tractor Exports by Type

Pedestrian-controlled tractors (6K units), agricultural and forestry tractors (4.2K units) and crawler tractors (12 units) were the main products of tractor exports from China.

From January 2022 to July 2022, the biggest increases were in pedestrian-controlled tractor (with a CAGR of -2.1%), while shipments for the other products experienced a decline.

In value terms, agricultural and forestry tractors ($67M) remains the largest type of tractor exported from China, comprising 91% of total exports. The second position in the ranking was held by pedestrian-controlled tractors ($6.4M), with an 8.7% share of total exports.

From January 2022 to July 2022, 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: pedestrian-controlled tractors (+8.9% per month) and crawler tractors (-23.6% per month).

China Tractor Exports by Country

Bangladesh (3K units) was the main destination for tractor exports from China, with a 29% share of total exports. Moreover, tractor exports to Bangladesh exceeded the volume sent to the second major destination, Benin (725 units), fourfold. Nigeria (714 units) ranked third in terms of total exports with a 7% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of volume to Bangladesh stood at +44.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Benin (+10.7% per month) and Nigeria (+10.7% per month).

In value terms, Bangladesh ($3.9M) remains the key foreign market for tractor exports from China, comprising 5.3% of total exports. The second position in the ranking was held by Nigeria ($443K), with a 0.6% share of total exports. It was followed by Benin, with a 0.5% share.

From January 2022 to July 2022, the average monthly growth rate of value to Bangladesh totaled +50.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Nigeria (-8.8% per month) and Benin (+3.2% per month).

Source: IndexBox Market Intelligence Platform

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

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024