Peru: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Peru

In 2021, the Peruvian agricultural and forestry tractor market increased by 65% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Agricultural And Forestry Tractors

Exports from Peru

In 2021, overseas shipments of agricultural and forestry tractors increased by 400% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a pronounced slump. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Mexico (X units) and Haiti (X units) were the main destinations of agricultural and forestry tractor exports from Peru.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural and forestry tractor exported from Peru were Mexico ($X), Colombia ($X) and Haiti ($X), with a combined 98% share of total exports.

Colombia, with a CAGR of +36.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average agricultural and forestry tractor export price amounted to $X per unit, surging by 4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 156%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Chile ($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 Brazil (+309.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Peru

In 2021, overseas purchases of agricultural and forestry tractors increased by 99% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor imports soared to $X in 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Mexico (X units) were the main suppliers of agricultural and forestry tractor imports to Peru, together comprising 28% of total imports. These countries were followed by Japan, Brazil, India, the United States, Turkey, Germany and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +10.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest agricultural and forestry tractor suppliers to Peru were Mexico ($X), Italy ($X) and Brazil ($X), with a combined 45% share of total imports. These countries were followed by China, Japan, Turkey, India, the United States, France and Germany, which together accounted for a further 33%.

Japan, with a CAGR of +23.8%, recorded the highest growth rate of 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 2021, the average agricultural and forestry tractor import price amounted to $X per unit, waning by -29.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($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 (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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