Italy: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Italy

The Italian pedestrian-controlled tractor market reduced to $X in 2022, waning by -7.7% against the previous year. In general, consumption, however, enjoyed a pronounced expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Pedestrian-Controlled Tractor Production in Italy

In value terms, pedestrian-controlled tractor production shrank to $X in 2022 estimated in export price. In general, production, however, showed noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 84%. Over the period under review, production attained the maximum level at $X in 2021, and then declined in the following year.

Pedestrian-Controlled Tractor Exports

Exports from Italy

In 2022, overseas shipments of pedestrian-controlled tractors increased by 15% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +75.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, pedestrian-controlled tractor exports rose significantly to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of pedestrian-controlled tractor exports from Italy, with a combined 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +69.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) were the largest markets for pedestrian-controlled tractor exported from Italy worldwide, with a combined 48% share of total exports. Belgium, the UK, the United Arab Emirates, the Netherlands, Spain, Romania, Canada, Switzerland, Slovakia and Egypt lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +62.5%, recorded the highest rates of growth with regard to 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 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 18% 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Egypt ($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 the United States (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Italy

In 2022, the amount of pedestrian-controlled tractors imported into Italy declined notably to X units, falling by -64.7% against the previous year's figure. In general, imports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2021 when imports increased by 263% against the previous year. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, pedestrian-controlled tractor imports dropped notably to $X in 2022. Overall, imports saw a slight decrease. The growth pace was the most rapid in 2021 with an increase of 114%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

China (X units), France (X units) and Belgium (X units) were the main suppliers of pedestrian-controlled tractor imports to Italy, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Belgium ($X) and China ($X) were the largest pedestrian-controlled tractor suppliers to Italy, with a combined 86% share of total imports.

China, with a CAGR of +70.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, picking up by 51% against the previous year. Overall, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 an increase of 154% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :