France: Tractor Market 2024

Tractor Market Size in France

The French tractor market expanded to $X in 2022, increasing by 4.2% against the previous year. In general, the total consumption indicated a temperate 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, consumption increased by +190.4% against 2017 indices. Tractor consumption peaked in 2022 and is likely to see steady growth in the near future.

Tractor Production in France

In value terms, tractor production totaled $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.0% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 80%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tractor Exports

Exports from France

Tractor exports from France contracted slightly to X units in 2022, therefore, remained relatively stable against the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tractor exports dropped to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +34.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 45%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Poland (X units), Germany (X units) and Spain (X units) were the main destinations of tractor exports from France, together accounting for 17% of total exports. These countries were followed by Italy, the UK, the Netherlands, Turkey, Belgium, Portugal, the United States, Austria, Bulgaria and Australia, which together accounted for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) appeared to be the largest markets for tractor exported from France worldwide, with a combined 15% share of total exports. These countries were followed by the UK, Turkey, Poland, the United States, Belgium, Austria, the Netherlands, Australia, Bulgaria and Portugal, which together accounted for a further 21%.

Portugal, with a CAGR of +16.3%, recorded the highest growth rate of the value of exports, among 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 2022, the average tractor export price amounted to $X per unit, which is down by -5.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Poland ($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 Bulgaria (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into France

In 2022, approx. X units of tractors were imported into France; increasing by 16% compared with the previous year. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +69.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, tractor imports amounted to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of tractor imports to France, with a combined 24% share of total imports. Italy, China, Japan, the United States, India and the UK lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +133.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tractors to France, comprising 16% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.5% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.1% per year) and the Netherlands (+1.4% per year).

Import Prices by Country

In 2022, the average tractor import price amounted to $X per unit, waning by -13.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained 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 China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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