U.S.: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in the U.S.

In 2021, the U.S. agricultural and forestry tractor market decreased by -2% to $X, falling for the second year in a row after six years of growth. In general, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Agricultural And Forestry Tractors in the U.S.

In value terms, agricultural and forestry tractor production rose remarkably to $X in 2021. Over the period under review, production posted significant growth. The growth pace was the most rapid in 2014 with an increase of 120% against the previous year. Agricultural and forestry tractor production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Agricultural And Forestry Tractors

Exports from the U.S.

In 2021, overseas shipments of agricultural and forestry tractors were finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, agricultural and forestry tractor exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for agricultural and forestry tractor exports from the United States, accounting for a 56% share of total exports. Moreover, agricultural and forestry tractor exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sixfold. Australia (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.7% per year) and Australia (-3.3% per year).

In value terms, Canada ($X) remains the key foreign market for agricultural and forestry tractors exports from the United States, comprising 42% of total exports. The second position in the ranking was taken by Australia ($X), with a 10% share of total exports. It was followed by Belgium, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.6% per year) and Belgium (+13.4% per year).

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2021, declining by -10.5% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the average price for exports to Mexico ($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 the Netherlands (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Agricultural And Forestry Tractors

Imports into the U.S.

In 2021, overseas purchases of agricultural and forestry tractors increased by 23% to X units, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural and forestry tractor imports soared to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.7% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), South Korea (X units) and India (X units) were the main suppliers of agricultural and forestry tractor imports to the United States, with a combined 76% share of total imports. These countries were followed by Germany, Indonesia, Turkey and the UK, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural and forestry tractor suppliers to the United States were Germany ($X), Japan ($X) and South Korea ($X), with a combined 66% share of total imports. India, the UK, Turkey and Indonesia lagged somewhat behind, together accounting for a further 19%.

Indonesia, with a CAGR of +49.8%, saw the highest rates of growth with regard to 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

The average agricultural and forestry tractor import price stood at $X per unit in 2021, picking up by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21%. 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.

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 ($X per unit), while the price for Indonesia ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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