Report Update Jan 1, 2025

Sri Lanka - Agricultural and Forestry Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Sri Lanka

The Sri Lankan agricultural and forestry tractor market surged to $X in 2021, growing by 102% 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 saw a remarkable increase. Agricultural and forestry tractor consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Agricultural And Forestry Tractors

Exports from Sri Lanka

In 2021, overseas shipments of agricultural and forestry tractors decreased by -70% to X units, falling for the second year in a row after three years of decline. In general, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 225% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, agricultural and forestry tractor exports fell significantly to $X in 2021. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 279%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X units) was the main destination for agricultural and forestry tractor exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives was relatively modest.

In value terms, Maldives ($X) emerged as the key foreign market for agricultural and forestry tractors exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

In 2021, the average agricultural and forestry tractor export price amounted to $X per unit, reducing by -30.4% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 33%. As a result, the export price reached the peak level of $X per unit, and then dropped dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +8.7% per year.

Imports of Agricultural And Forestry Tractors

Imports into Sri Lanka

In 2021, approx. X units of agricultural and forestry tractors were imported into Sri Lanka; jumping by 105% compared with 2020 figures. In general, imports saw tangible growth. The pace of growth was the most pronounced in 2018 when imports increased by 599% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, agricultural and forestry tractor imports soared to $X in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 500% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, India (X units) constituted the largest agricultural and forestry tractor supplier to Sri Lanka, accounting for a 84% share of total imports. Moreover, agricultural and forestry tractor imports from India exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+32.6% per year) and Thailand (+30.4% per year).

In value terms, India ($X) constituted the largest supplier of agricultural and forestry tractors to Sri Lanka, comprising 81% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+36.5% per year) and Thailand (+31.9% per year).

Import Prices by Country

In 2021, the average agricultural and forestry tractor import price amounted to $X per unit, declining by -2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for agricultural and forestry tractors in the world?

The country with the largest volume of agricultural and forestry tractor consumption was China, accounting for 25% of total volume. Moreover, agricultural and forestry tractor consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9.6% share.

What are the largest producers of agricultural and forestry tractors in the world?

China constituted the country with the largest volume of agricultural and forestry tractor production, comprising approx. 28% of total volume. Moreover, agricultural and forestry tractor production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with an 8.6% share.

What are the leading suppliers of agricultural and forestry tractors to Sri Lanka?

In value terms, India constituted the largest supplier of agricultural and forestry tractor to Sri Lanka, comprising 79% of total imports. The second position in the ranking was occupied by Japan, with a 17% share of total imports.

What is the average export price for agricultural and forestry tractors in Sri Lanka?

The average agricultural and forestry tractor export price stood at $7,765 per unit in 2020, dropping by -50.1% against the previous year.

What is the average import price for agricultural and forestry tractors in Sri Lanka?

The average agricultural and forestry tractor import price stood at $9,188 per unit in 2020, falling by -3.5% against the previous year.

This report provides an in-depth analysis of the market for agricultural and forestry tractor in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024