France: Crawler Tractor Market 2024

Crawler Tractor Market Size in France

In 2021, the French crawler tractor market decreased by -14% to $X, falling for the fifth year in a row after two years of growth. In general, consumption saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Crawler Tractor Production in France

In value terms, crawler tractor production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 183% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Crawler Tractor Exports

Exports from France

In 2021, overseas shipments of crawler tractors decreased by -24.4% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 81%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units), Belgium (X units) and Italy (X units) were the main destinations of crawler tractor exports from France, with a combined 52% share of total exports. Germany, Poland, Spain and Andorra lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crawler tractor exported from France were Andorra ($X), Spain ($X) and Belgium ($X), with a combined 52% share of total exports.

Spain, with a CAGR of +211.2%, saw 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

In 2021, the average crawler tractor export price amounted to $X per unit, increasing by 45% against the previous year. In general, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Andorra ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into France

In 2021, overseas purchases of crawler tractors decreased by -51.7% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crawler tractor imports contracted significantly to $X in 2021. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2019 with an increase of 18%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest crawler tractor supplier to France, with a 47% share of total imports. Moreover, crawler tractor imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Switzerland (X units) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and Switzerland (+13.8% per year).

In value terms, Italy ($X), the United States ($X) and Germany ($X) were the largest crawler tractor suppliers to France, with a combined 82% share of total imports. Switzerland lagged somewhat behind, comprising a further 9.3%.

In terms of the main suppliers, Switzerland, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, falling by -12.8% against the previous year. Overall, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 162%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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