Europe: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Europe

The Europe pedestrian-controlled tractor market contracted modestly to $X in 2022, dropping by -2.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Europe

In value terms, pedestrian-controlled tractor production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 24%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in Europe

In 2022, the amount of pedestrian-controlled tractors exported in Europe soared to X units, jumping by 45% on the previous year. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 139% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, pedestrian-controlled tractor exports soared to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, France (X units), distantly followed by Belgium (X units), Russia (X units), Italy (X units), Belarus (X units), the UK (X units) and Denmark (X units) were the largest exporters of pedestrian-controlled tractors, together comprising 78% of total exports. Spain (X units), Switzerland (X units), Sweden (X units), Romania (X units), Hungary (X units) and Poland (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pedestrian-controlled tractor supplying countries in Europe were Italy ($X), France ($X) and Switzerland ($X), with a combined 48% share of total exports. Belgium, Denmark, the UK, Spain, Sweden, Russia, Belarus, Poland, Romania and Hungary lagged somewhat behind, together accounting for a further 41%.

Romania, with a CAGR of +47.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, reducing by -13.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the export price increased by 7.9%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the other leaders experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports in Europe

For the third year in a row, Europe recorded growth in overseas purchases of pedestrian-controlled tractors, which increased by 28% to X units in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, pedestrian-controlled tractor imports rose modestly to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +126.2% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Russia was the largest importing country with an import of about X units, which accounted for 57% of total imports. It was distantly followed by Romania (X units) and Ukraine (X units), together comprising an 18% share of total imports. Ireland (X units), Poland (X units), Lithuania (X units), Moldova (X units) and Denmark (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +35.8% from 2012 to 2022. At the same time, Romania (+46.4%), Poland (+43.2%), Ireland (+33.3%), Lithuania (+19.8%) and Denmark (+5.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +46.4% from 2012-2022. Moldova experienced a relatively flat trend pattern. By contrast, Ukraine (-13.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Romania, Poland, Ireland and Lithuania increased by +51, +11, +3.7, +3.6 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X), Ireland ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined 46% share of total imports. These countries were followed by Poland, Ukraine, Lithuania, Denmark and Moldova, which together accounted for a further 22%.

In terms of the main importing countries, Poland, with a CAGR of +39.0%, recorded the highest growth rate of 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 2022, the import price in Europe amounted to $X per unit, waning by -18% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 70%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform