Italy: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Italy

The Italian agricultural and forestry tractor market rose notably to $X in 2021, increasing by 7.1% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.5% against 2019 indices. Agricultural and forestry tractor consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Agricultural And Forestry Tractors in Italy

In value terms, agricultural and forestry tractor production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Italy

After two years of decline, shipments abroad of agricultural and forestry tractors increased by 40% to X units in 2021. Overall, exports, however, continue to indicate a mild setback. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, agricultural and forestry tractor exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. 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

France (X units), Germany (X units) and Spain (X units) were the main destinations of agricultural and forestry tractor exports from Italy, together accounting for 32% of total exports. These countries were followed by Poland, the United States, Austria, Turkey, Greece, the UK, Portugal, South Africa, Morocco and Australia, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the largest markets for agricultural and forestry tractor exported from Italy worldwide, with a combined 35% share of total exports. The United States, Poland, Austria, Turkey, Greece, the UK, Portugal, South Africa, Australia and Morocco lagged somewhat behind, together accounting for a further 40%.

Greece, with a CAGR of +27.3%, saw 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

The average agricultural and forestry tractor export price stood at $X per unit in 2021, declining by -8.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 40%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Morocco ($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 the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Italy

In 2021, the amount of agricultural and forestry tractors imported into Italy surged to X units, jumping by 84% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural and forestry tractor imports soared to $X in 2021. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Turkey (X units) and France (X units) were the main suppliers of agricultural and forestry tractor imports to Italy, with a combined 71% share of total imports. India, Finland, Austria, Japan, China, Poland, the United States, South Korea, the Netherlands and the UK lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +27.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of agricultural and forestry tractors to Italy, comprising 42% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.4% per year) and Turkey (+8.0% per year).

Import Prices by Country

The average agricultural and forestry tractor import price stood at $X per unit in 2021, falling by -24.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced sharply in the following year.

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 ($X per unit), while the price for Japan ($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 (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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