Price for Tractors; (Other than Tractors of Heading No 8709) in Finland - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Finland (FOB) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Finland (CIF) - 2023
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Finland
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Finland
Price for Tractors; (Other than Tractors of Heading No 8709) in Finland (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $63,228 per unit, with an increase of 5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($104,046 per unit), while the average price for exports to Russia ($15,518 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 the UK (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Finland (CIF) - 2023
In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $16,655 per unit, waning by -59.8% against the previous month. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in September 2023 an increase of 292% month-to-month. As a result, import price reached the peak level of $78,863 per unit. From October 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($10,639 per unit), while the price for China ($4,680 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tractors; (Other than Tractors of Heading No 8709) in Finland
Exports of tractors; (other than tractors of heading no 8709)s from Finland expanded modestly to 13K units in 2022, with an increase of 3.2% against 2021. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 8.7% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s expanded significantly to $836M in 2022. The total export value increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 132 | 120 | 129 | 151 | 4.6% |
| Germany | 87.4 | 96.5 | 88.9 | 118 | 10.5% |
| United Kingdom | 72.0 | 66.6 | 77.4 | 73.7 | 0.8% |
| Sweden | 56.9 | 56.9 | 68.1 | 63.2 | 3.6% |
| Poland | 34.9 | 35.1 | 47.8 | 57.9 | 18.4% |
| Norway | 61.0 | 49.5 | 51.7 | 57.2 | -2.1% |
| Italy | 21.2 | 26.5 | 42.8 | 45.7 | 29.2% |
| Austria | 21.6 | 24.1 | 27.8 | 30.7 | 12.4% |
| Spain | 26.3 | 26.9 | 31.6 | 28.6 | 2.8% |
| Estonia | 12.2 | 10.5 | 15.9 | 16.0 | 9.5% |
| Belgium | 8.8 | 7.4 | 8.3 | 13.0 | 13.9% |
| Russia | 19.8 | 17.6 | 20.5 | 4.8 | -37.6% |
| Others | 133 | 99.4 | 156 | 177 | 10.0% |
| Total | 687 | 637 | 766 | 836 | 6.8% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Finland in 2022:
- Sweden (2.2K units)
- Norway (2.2K units)
- France (1.8K units)
- Germany (1.2K units)
- Poland (0.7K units)
- United Kingdom (0.7K units)
- Italy (0.6K units)
- Belgium (0.5K units)
- Estonia (0.4K units)
- Austria (0.3K units)
- Russia (0.3K units)
- Spain (0.3K units)
Imports of Tractors; (Other than Tractors of Heading No 8709) in Finland
In 2022, approx. 12K units of tractors; (other than tractors of heading no 8709)s were imported into Finland; which is down by -4.6% against the year before. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of 13K units, and then shrank in the following year.
In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank modestly to $203M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $210M, and then dropped in the following year.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 62.4 | 40.7 | 63.0 | 57.1 | -2.9% |
| Germany | 33.0 | 64.2 | 59.3 | 46.3 | 11.9% |
| Sweden | 32.6 | 19.2 | 22.3 | 23.4 | -10.5% |
| Italy | 1.9 | 13.2 | 12.6 | 20.5 | 121.0% |
| France | 13.3 | 11.0 | 11.6 | 15.9 | 6.1% |
| China | 4.3 | 3.4 | 8.6 | 10.3 | 33.8% |
| Taiwan (Chinese) | 4.8 | 3.1 | 4.6 | 5.6 | 5.3% |
| India | 0.8 | 1.0 | 2.0 | 2.6 | 48.1% |
| Estonia | 4.1 | 5.5 | 4.8 | 2.2 | -18.7% |
| United States | 4.7 | 1.5 | 3.9 | 1.9 | -26.1% |
| Russia | N/A | N/A | N/A | 1.2 | 0% |
| Others | 21.6 | 9.9 | 17.2 | 16.4 | -8.8% |
| Total | 184 | 173 | 210 | 203 | 3.3% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Finland in 2022:
- Mexico (6187.0 units)
- China (2174.0 units)
- Taiwan (Chinese) (889.0 units)
- Germany (473.0 units)
- Russia (436.0 units)
- Sweden (403.0 units)
- India (317.0 units)
- France (272.0 units)
- Italy (236.0 units)
- United States (160.0 units)
- Estonia (102.0 units)
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