Italy: Crawler Tractor Market 2024

Crawler Tractor Market Size in Italy

The Italian crawler tractor market soared to $X in 2021, jumping by 133% against the previous year. In general, consumption posted a prominent expansion. Crawler tractor consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Crawler Tractor Production in Italy

In value terms, crawler tractor production skyrocketed to $X in 2021 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 50% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the near future.

Crawler Tractor Exports

Exports from Italy

In 2021, shipments abroad of crawler tractors decreased by -30.1% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports showed a slight curtailment. The growth pace was the most rapid in 2015 with an increase of 74%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, crawler tractor exports dropped significantly to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 36% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X units), Canada (X units) and Austria (X units) were the main destinations of crawler tractor exports from Italy, together comprising 32% of total exports. These countries were followed by Norway, France, Poland, Germany, the United States, Japan, Spain, Russia, Australia and the UK, which together accounted for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +52.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crawler tractor exported from Italy were Austria ($X), Norway ($X) and France ($X), together comprising 41% of total exports. These countries were followed by Switzerland, Canada, Russia, Poland, the United States, Germany, Japan, Australia, Spain and the UK, which together accounted for a further 35%.

In terms of the main countries of destination, Poland, with a CAGR of +63.4%, saw the highest growth rate of the value of exports, 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, surging by 1.9% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crawler tractor export price increased by +13.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per unit), while the average price for exports to Germany ($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 Canada (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Italy

In 2021, the amount of crawler tractors imported into Italy reduced to X units, shrinking by -4.3% on 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 92%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crawler tractor imports dropped sharply to $X in 2021. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 67% against the previous year. Imports peaked at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

The United States (X units), Germany (X units) and Brazil (X units) were the main suppliers of crawler tractor imports to Italy, together accounting for 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +1,250.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Italy, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Canada, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +99.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.2% per year) and Canada (-5.7% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, waning by -17% against the previous year. In general, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for Norway ($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 (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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