Switzerland: Tractor Market 2024

Tractor Market Size in Switzerland

The Swiss tractor market expanded sharply to $X in 2022, picking up by 11% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Tractor consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tractor Production in Switzerland

In value terms, tractor production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 24%. Tractor production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tractor Exports

Exports from Switzerland

In 2022, approx. X units of tractors were exported from Switzerland; with a decrease of -5.3% on the previous year. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, tractor exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Serbia (X units), Germany (X units) and Austria (X units) were the main destinations of tractor exports from Switzerland, with a combined 27% share of total exports. Bosnia and Herzegovina, France, Poland, Italy, Iceland, Albania, Romania, Slovenia and North Macedonia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +61.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and France ($X) appeared to be the largest markets for tractor exported from Switzerland worldwide, together accounting for 32% of total exports. Italy, Serbia, Poland, Slovenia, Bosnia and Herzegovina, Albania, North Macedonia, Romania and Iceland lagged somewhat behind, together comprising a further 11%.

Iceland, with a CAGR of +54.8%, saw the highest growth rate of the value of exports, among 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 2022, the average tractor export price amounted to $X per unit, rising by 5.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Iceland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into Switzerland

In 2022, overseas purchases of tractors increased by 8.5% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, tractor imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and Poland (X units) were the main suppliers of tractor imports to Switzerland, together accounting for 28% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +67.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tractors to Switzerland, comprising 21% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.2% share of total imports. It was followed by France, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.7% per year) and France (+4.6% per year).

Import Prices by Country

The average tractor import price stood at $X per unit in 2022, which is down by -3.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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