Germany: Crawler Tractor Market 2024

Crawler Tractor Market Size in Germany

After five years of decline, the German crawler tractor market increased by 20% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Crawler Tractor Production in Germany

In value terms, crawler tractor production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Crawler Tractor Exports

Exports from Germany

Crawler tractor exports from Germany shrank slightly to X units in 2021, leveling off at the previous year's figure. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 20% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, crawler tractor exports contracted to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for crawler tractor exports from Germany, with a 29% share of total exports. Moreover, crawler tractor exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold. Switzerland (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+1.1% per year) and Switzerland (-14.9% per year).

In value terms, the United States ($X) remains the key foreign market for crawler tractors exports from Germany, comprising 30% of total exports. The second position in the ranking was held by Switzerland ($X), with a 14% share of total exports. It was followed by Russia, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-1.3% per year) and Russia (+3.0% per year).

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, dropping by -8.4% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 50%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Latvia ($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 Switzerland (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Germany

In 2021, imports of crawler tractors into Germany dropped slightly to X units, which is down by -3.7% on 2020. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 71%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crawler tractor imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 70%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X units), Italy (X units) and Switzerland (X units) were the main suppliers of crawler tractor imports to Germany, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Germany, comprising 63% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 14% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+30.9% per year) and Italy (+12.0% per year).

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, surging by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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