Luxembourg: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Luxembourg

The Luxembourg agricultural and forestry tractor market rose slightly to $X in 2021, increasing by 4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Agricultural And Forestry Tractors

Exports from Luxembourg

In 2021, approx. X units of agricultural and forestry tractors were exported from Luxembourg; rising by 45% compared with 2020 figures. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 258% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, agricultural and forestry tractor exports skyrocketed to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 100%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for agricultural and forestry tractor exports from Luxembourg, with a 73% share of total exports. Moreover, agricultural and forestry tractor exports to France exceeded the volume sent to the second major destination, Germany (X units), eightfold. Belgium (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.5% per year) and Belgium (-3.2% per year).

In value terms, France ($X) remains the key foreign market for agricultural and forestry tractors exports from Luxembourg, comprising 53% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by Switzerland, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.9% per year) and Switzerland (+10.1% per year).

Export Prices by Country

In 2021, the average agricultural and forestry tractor export price amounted to $X per unit, rising by 19% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Kenya ($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 France (+4.1%), while the prices for the other major destinations experienced a decline.

Imports of Agricultural And Forestry Tractors

Imports into Luxembourg

In 2021, the amount of agricultural and forestry tractors imported into Luxembourg expanded notably to X units, with an increase of 6.9% compared with the year before. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 117% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, agricultural and forestry tractor imports expanded significantly to $X in 2021. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of agricultural and forestry tractor to Luxembourg, with a 69% share of total imports. Moreover, agricultural and forestry tractor imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by France (X units), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and France (+30.5% per year).

In value terms, the largest agricultural and forestry tractor suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), together accounting for 91% of total imports.

In terms of the main suppliers, France, with a CAGR of +31.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural and forestry tractor import price stood at $X per unit in 2021, picking up by 6.5% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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