Estonia: Tractor Market 2020

Tractor Market Size in Estonia

The revenue of the tractor market in Estonia amounted to $X in 2018, shrinking by -X% against the previous year. Overall, tractor consumption, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Estonia tractor consumption peaked at $X in 2017, and then declined slightly in the following year.

Tractor Production in Estonia

In value terms, tractor production amounted to $X in 2018 estimated in export prices. Over the period under review, tractor production continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when production volume decreased by -X% against the previous year. Estonia tractor production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Tractor Exports

Exports from Estonia

In 2018, the amount of tractors exported from Estonia stood at X units, dropping by -X% against the previous year. Overall, tractor exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Estonia exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, tractor exports totaled $X in 2018. Overall, tractor exports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. In that year, tractor exports reached their peak of $X. From 2012 to 2018, the growth of tractor exports remained at a lower figure.

Exports by Country

In 2018, the UK (X units), Japan (X units), Germany (X units), the U.S. (X units), Belarus (X units), India (X units), Italy (X units), South Korea (X units), China (X units), France (X units), Thailand (X units) and Turkey (X units) were the main exporters of tractors in the world, making up X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Japan ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Italy, the UK, France, India, South Korea, China, Belarus, Turkey, Thailand and Estonia, which together accounted for a further X the main exporting countries, Thailand experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the tractor export price in Estonia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the tractor export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the export prices for tractors attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for tractors remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Tractor Imports

Imports into Estonia

In 2018, the amount of tractors imported into Estonia totaled X units, reducing by -X% against the previous year. In general, tractor imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Estonia imports peaked at X units in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, tractor imports totaled $X in 2018. In general, tractor imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, tractor imports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

Free Zones (X units) and the U.S. (X units) were the key importers of tractors in 2018, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Germany (X units), generating a X% share of total imports. The following importers - France (X units), Ukraine (X units), Canada (X units), the UK (X units), the Netherlands (X units), Russia (X units), Italy (X units), Poland (X units) and Vietnam (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Free Zones (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported tractors into Estonia, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., tractor imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and Canada (+X% per year).

Import Prices by Country

The tractor import price in Estonia stood at $X per unit in 2018, rising by X% against the previous year. In general, the tractor import price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Estonia import price peaked in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Free Zones ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform