Netherlands: Tractor Market 2024

Tractor Market Size in the Netherlands

In 2022, after two years of decline, there was significant growth in the Dutch tractor market, when its value increased by 14% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Tractor consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tractor Production in the Netherlands

In value terms, tractor production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15%. Tractor production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tractor Exports

Exports from the Netherlands

In 2022, after six years of growth, there was decline in overseas shipments of tractors, when their volume decreased by -3.4% to X units. In general, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 37% against the previous year. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, tractor exports shrank to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for tractor exports from the Netherlands, with a 42% share of total exports. Moreover, tractor exports to Germany exceeded the volume sent to the second major destination, France (X units), sixfold. Poland (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.6% per year) and Poland (+5.0% per year).

In value terms, the largest markets for tractor exported from the Netherlands were Germany ($X), Poland ($X) and France ($X), together accounting for 34% of total exports. The UK, Russia, Belgium, Spain, Italy, the Czech Republic, Lithuania, Hungary, Austria and Latvia lagged somewhat behind, together comprising a further 36%.

Hungary, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tractor export price stood at $X per unit in 2022, falling by -5.7% against the previous year. Overall, the export price showed a noticeable decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 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 Russia ($X per unit), while the average price for exports to Latvia ($X 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 the UK (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Tractor Imports

Imports into the Netherlands

In 2022, imports of tractors into the Netherlands amounted to X units, approximately reflecting the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 13%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tractor imports stood at $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), Japan (X units) and France (X units) were the main suppliers of tractor imports to the Netherlands, together comprising 42% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +15.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tractor suppliers to the Netherlands were Germany ($X), Belgium ($X) and France ($X), with a combined 52% share of total imports. These countries were followed by the United States, Japan, the UK, Poland, Italy, India, Spain and South Korea, which together accounted for a further 32%.

Japan, with a CAGR of +18.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tractor import price stood at $X per unit in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 17% against the previous year. The import price peaked at $X 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 UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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