MERCOSUR: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in MERCOSUR

The MERCOSUR agricultural and forestry tractor market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 -14.1% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Agricultural And Forestry Tractors in MERCOSUR

In value terms, agricultural and forestry tractor production expanded sharply to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.5% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 43%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Agricultural And Forestry Tractors

Exports in MERCOSUR

In 2021, after three years of decline, there was significant growth in shipments abroad of agricultural and forestry tractors, when their volume increased by 53% to X units. Overall, exports, however, recorded a drastic downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of agricultural and forestry tractors, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the agricultural and forestry tractors exports, with a CAGR of -7.4% from 2012 to 2021. From 2012 to 2021, the share of Brazil increased by +4.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest agricultural and forestry tractor supplier in MERCOSUR.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -4.6%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, rising by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +3.1% per year.

Imports of Agricultural And Forestry Tractors

Imports in MERCOSUR

In 2021, supplies from abroad of agricultural and forestry tractors was finally on the rise to reach X units after three years of decline. In general, imports showed a relatively flat trend pattern. 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 skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X units), Brazil (X units) and Argentina (X units) was the largest importer of agricultural and forestry tractors in MERCOSUR, making up 60% of total import. It was distantly followed by Colombia (X units), Uruguay (X units), Peru (X units) and Paraguay (X units), together achieving a 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Paraguay ($X) were the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

Paraguay, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, reducing by -1.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2018 an increase of 13%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Paraguay ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform