Puerto Rico: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Puerto Rico

After two years of decline, the Puerto Rican agricultural and forestry tractor market increased by 34% to $X in 2021. Over the period under review, consumption recorded a slight increase. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Agricultural And Forestry Tractors in Puerto Rico

In value terms, agricultural and forestry tractor production soared to $X in 2021 estimated in export price. Over the period under review, production posted slight growth. The pace of growth was the most pronounced in 2017 with an increase of 43%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Agricultural And Forestry Tractors

Exports from Puerto Rico

Agricultural and forestry tractor exports from Puerto Rico stood at less than X units in 2021, approximately mirroring the year before. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, agricultural and forestry tractor exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, Germany (X units), distantly followed by India (X units), Japan (X units), South Korea (X units), China (X units), France (X units), the United States (X units), Italy (X units) and the UK (X units) were the main exporters of agricultural and forestry tractors, together comprising 80% of total exports. The following exporters - Thailand (X units) and Belarus (X units) - each amounted to a 5.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest agricultural and forestry tractor supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of global exports. It was followed by Japan, with an 8.7% share.

In Germany, agricultural and forestry tractor exports expanded at an average annual rate of +5.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-2.6% per year) and Japan (+3.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while India ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Puerto Rico

In 2021, the amount of agricultural and forestry tractors imported into Puerto Rico stood at less than X units, approximately mirroring 2020. Overall, imports recorded a relatively flat trend pattern.

In value terms, agricultural and forestry tractor imports totaled less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by France (X units), Qatar (X units) and Germany (X units) represented the main importers of agricultural and forestry tractors, together creating 36% of total imports. Canada (X units), Poland (X units), Ukraine (X units), the Netherlands (X units), Italy (X units), the UK (X units), Russia (X units), Australia (X units) and Thailand (X units) held a little share of total imports.

Imports into the United States increased at an average annual rate of +4.1% from 2012 to 2021. At the same time, Ukraine (+7.3%), Thailand (+7.1%), Poland (+6.5%), Italy (+5.5%), Germany (+3.1%), France (+2.3%), Canada (+2.1%), the Netherlands (+1.9%) and Australia (+1.5%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in the world, with a CAGR of +7.3% from 2012-2021. By contrast, the UK (-5.5%), Russia (-5.7%) and Qatar (-21.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Germany, France, Poland, Ukraine and Canada increased by +9, +2.2, +2.2, +1.8, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural and forestry tractor importing markets into Puerto Rico were the United States ($X), France ($X) and Canada ($X), together comprising 34% of total imports. These countries were followed by Germany, the UK, Italy, Australia, Poland, the Netherlands, Russia, Ukraine, Thailand and Qatar, which together accounted for a further 27%.

Italy, with a CAGR of +7.4%, recorded the highest growth rate of 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 Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per thousand units), while Qatar ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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