Norway: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Norway

In 2021, the Norwegian agricultural and forestry tractor market increased by 18% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a deep downturn. Agricultural and forestry tractor consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Norway

In 2021, overseas shipments of agricultural and forestry tractors decreased by -9.2% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 22%. The exports peaked at X units in 2020, and then reduced in the following year.

In value terms, agricultural and forestry tractor exports dropped to $X in 2021. In general, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 54% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Poland (X units), Sudan (X units) and Bosnia and Herzegovina (X units) were the main destinations of agricultural and forestry tractor exports from Norway, with a combined 58% share of total exports. These countries were followed by the UK, Lithuania, Sweden, Denmark, Romania, Ghana, Finland and Germany, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +31.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and Lithuania ($X) appeared to be the largest markets for agricultural and forestry tractor exported from Norway worldwide, together accounting for 46% of total exports.

Lithuania, with a CAGR of +48.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2021, surging by 2.8% against the previous year. In general, the export price saw a pronounced increase. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Lithuania (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Norway

In 2021, overseas purchases of agricultural and forestry tractors increased by 4.5% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 when imports increased by 5.9% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, agricultural and forestry tractor imports expanded rapidly to $X in 2021. In general, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 12%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), France (X units) and Finland (X units) were the main suppliers of agricultural and forestry tractor imports to Norway, with a combined 65% share of total imports. Italy, India, the UK, Sweden, Denmark, the United States, Austria, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of agricultural and forestry tractors to Norway, comprising 44% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Finland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.9% per year) and Finland (+18.6% per year).

Import Prices by Country

In 2021, the average agricultural and forestry tractor import price amounted to $X per unit, with an increase of 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 an increase of 11%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Sweden ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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