Europe: Crawler Tractor Market 2024

Crawler Tractor Market Size in Europe

In 2021, the Europe crawler tractor market increased by 6.5% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Crawler Tractor Production in Europe

In value terms, crawler tractor production expanded markedly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2015 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Crawler Tractor Exports

Exports in Europe

In 2021, approx. X units of crawler tractors were exported in Europe; jumping by 29% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, crawler tractor exports shrank to $X in 2021. Over the period under review, exports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the UK (X units) was the key exporter of crawler tractors, mixing up 44% of total exports. It was distantly followed by Italy (X units) and Germany (X units), together making up a 35% share of total exports. The following exporters - France (X units), Switzerland (X units), Belgium (X units), Russia (X units), the Netherlands (X units), Sweden (X units) and Poland (X units) - together made up 15% of total exports.

The UK was also the fastest-growing in terms of the crawler tractors exports, with a CAGR of +38.0% from 2012 to 2021. At the same time, Poland (+28.0%), Switzerland (+6.6%) and the Netherlands (+1.3%) displayed positive paces of growth. By contrast, Italy (-1.8%), Germany (-7.0%), Russia (-7.8%), Sweden (-9.8%), France (-12.1%) and Belgium (-14.8%) illustrated a downward trend over the same period. The UK (+42 p.p.) significantly strengthened its position in terms of the total exports, while Russia, Sweden, Italy, France, Belgium and Germany saw its share reduced by -2.7%, -2.9%, -4%, -6%, -7.9% and -15.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, together comprising 80% of total exports. These countries were followed by the UK, Switzerland, Sweden, France, Poland, Russia and the Netherlands, which together accounted for a further 13%.

In terms of the main exporting countries, the UK, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, reducing by -29.6% against the previous year. Overall, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 when the export price increased by 29%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.9%), while the other leaders experienced more modest paces of growth.

Crawler Tractor Imports

Imports in Europe

In 2021, the amount of crawler tractors imported in Europe contracted to X units, which is down by -12.2% on 2020 figures. Overall, imports saw a mild reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, crawler tractor imports rose modestly to $X in 2021. Over the period under review, imports saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

France (X units), Russia (X units), the UK (X units), the Netherlands (X units), Germany (X units), Belgium (X units), Italy (X units), Ukraine (X units), Switzerland (X units), Romania (X units), Slovakia (X units) and Norway (X units) represented roughly 77% of total imports in 2021. Austria (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crawler tractor importing markets in Europe were Russia ($X), Germany ($X) and Switzerland ($X), with a combined 31% share of total imports.

Among the main importing countries, Germany, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, jumping by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform