Romania: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Romania

The Romanian agricultural and forestry tractor market skyrocketed to $X in 2021, increasing by 43% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted buoyant growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Agricultural And Forestry Tractors

Exports from Romania

In 2021, agricultural and forestry tractor exports from Romania declined to X units, falling by -10% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 49%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, agricultural and forestry tractor exports expanded to $X in 2021. In general, exports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 66%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for agricultural and forestry tractor exports from Romania, accounting for a 70% share of total exports. Moreover, agricultural and forestry tractor exports to Egypt exceeded the volume sent to the second major destination, Hungary (X units), eightfold. The third position in this ranking was taken by Ukraine (X units), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+9.1% per year) and Ukraine (+25.8% per year).

In value terms, Bulgaria ($X), Hungary ($X) and Egypt ($X) were the largest markets for agricultural and forestry tractor exported from Romania worldwide, together comprising 66% of total exports. The Netherlands, Ukraine and Slovakia lagged somewhat behind, together accounting for a further 16%.

The Netherlands, with a CAGR of +37.5%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average agricultural and forestry tractor export price amounted to $X per unit, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Egypt ($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 Egypt (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agricultural And Forestry Tractors

Imports into Romania

Agricultural and forestry tractor imports into Romania soared to X units in 2021, jumping by 25% compared with the year before. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 116%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, agricultural and forestry tractor imports surged to $X in 2021. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 89%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest agricultural and forestry tractor supplier to Romania, with a 36% share of total imports. Moreover, agricultural and forestry tractor imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. The third position in this ranking was held by Bulgaria (X units), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+9.1% per year) and Bulgaria (+2.8% per year).

In value terms, the largest agricultural and forestry tractor suppliers to Romania were Bulgaria ($X), Hungary ($X) and Germany ($X), together comprising 68% of total imports. France, Italy, China, Belgium, the Netherlands, Belarus, South Korea, India, Japan and Norway lagged somewhat behind, together comprising a further 23%.

Norway, with a CAGR of +55.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 -5.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 27%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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