Northern America: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Northern America

The North American agricultural and forestry tractor market rose slightly to $X in 2021, with an increase of 2.1% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Agricultural And Forestry Tractors in Northern America

In value terms, agricultural and forestry tractor production amounted to $X in 2021 estimated in export price. Overall, production showed a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by 132% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Agricultural And Forestry Tractors

Exports in Northern America

In 2021, after six years of decline, there was significant growth in shipments abroad of agricultural and forestry tractors, when their volume increased by 46% to X units. In general, exports, however, showed a mild decline. Over the period under review, the exports attained the peak figure 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 skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a perceptible shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, recording X units, which was approx. 93% of total exports in 2021. It was distantly followed by Canada (X units), achieving a 6.9% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of agricultural and forestry tractors. Canada (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +7.7 percentage points.

In value terms, the United States ($X) remains the largest agricultural and forestry tractor supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

In the United States, agricultural and forestry tractor exports declined by an average annual rate of -2.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, which is down by -10.2% against the previous year. Overall, the export price saw a slight setback. The pace of growth appeared the most rapid in 2017 when the export price increased by 22%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.8%).

Imports of Agricultural And Forestry Tractors

Imports in Northern America

In 2021, agricultural and forestry tractor imports in Northern America soared to X units, with an increase of 19% compared with the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern 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 surged to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the key importer of agricultural and forestry tractors, generating 82% of total imports. It was distantly followed by Canada (X units), making up an 18% share of total imports.

The United States was also the fastest-growing in terms of the agricultural and forestry tractors imports, with a CAGR of +4.1% from 2012 to 2021. At the same time, Canada (+2.1%) displayed positive paces of growth. While the share of the United States (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-2.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported agricultural and forestry tractors in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

In the United States, agricultural and forestry tractor imports expanded at an average annual rate of +5.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, surging by 26% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Source: IndexBox Platform

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