Sri Lanka - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Agricultural and Forestry Tractor in Sri Lanka - 2021
Contents:
- Price for Agricultural and Forestry Tractor in Sri Lanka (CIF) - 2022
- Price for Agricultural and Forestry Tractor in Sri Lanka (FOB) - 2022
- Imports of Agricultural and Forestry Tractor in Sri Lanka
- Exports of Agricultural and Forestry Tractor in Sri Lanka
Price for Agricultural and Forestry Tractor in Sri Lanka (CIF) - 2022
In 2022, the average agricultural and forestry tractor import price amounted to $8,631 per unit, waning by -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $10,649 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,272 per unit), while the price for the UK ($5,287 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the prices for the other major suppliers experienced a decline.
Price for Agricultural and Forestry Tractor in Sri Lanka (FOB) - 2022
In 2022, the average agricultural and forestry tractor export price amounted to $14,523 per unit, remaining constant against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 49% against the previous year. As a result, the export price reached the peak level of $21,453 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +37.2% per year.
Imports of Agricultural and Forestry Tractor in Sri Lanka
In 2022, purchases abroad of agricultural and forestry tractors decreased by -71.4% to 2.5K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 105% against the previous year. As a result, imports attained the peak of 8.9K units, and then contracted dramatically in the following year.
In value terms, agricultural and forestry tractor imports dropped sharply to $22M in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. As a result, imports reached the peak of $80M, and then contracted notably in the following year.
| Import of Agricultural and Forestry Tractor in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 23.5 | 31.0 | 64.4 | 14.1 | -15.7% |
| Japan | 7.7 | 6.5 | 10.7 | 6.4 | -6.0% |
| United Kingdom | 0.1 | 0.3 | 0.8 | 0.2 | 26.0% |
| Others | 1.6 | 1.9 | 3.8 | 1.3 | -6.7% |
| Total | 32.8 | 39.7 | 79.6 | 21.9 | -12.6% |
Top Suppliers of Agricultural and Forestry Tractor to Sri Lanka in 2022:
- India (1805.0 units)
- Japan (619.0 units)
- United Kingdom (46.0 units)
Exports of Agricultural and Forestry Tractor in Sri Lanka
In 2022, overseas shipments of agricultural and forestry tractors were finally on the rise to reach 8 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp shrinkage. Over the period under review, the exports hit record highs at 41 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, agricultural and forestry tractor exports skyrocketed to $116K in 2022. Over the period under review, exports, however, showed a significant contraction. The exports peaked at $637K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Agricultural and Forestry Tractor in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 207 | N/A | 20.7 | -68.4% |
| Sierra Leone | 192 | N/A | N/A | N/A | 0% |
| Japan | 0.3 | N/A | N/A | N/A | 0% |
| Maldives | 7.4 | N/A | 43.2 | N/A | 141.6% |
| Others | 437 | N/A | N/A | 95.5 | -39.8% |
| Total | 637 | 207 | 43.3 | 116 | -43.3% |
Top Export Markets for Agricultural and Forestry Tractor from Sri Lanka in 2022:
- India (1.0 units)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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