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Germany - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 21, 2023

Germany's Plough Price Drops Slightly to $2,710 per Unit After Two Consecutive Months of Decline

Germany Plough Export Price in February 2023

In February 2023, the plough price amounted to $2,710 per unit, therefore (FOB, Germany), remained relatively stable against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in June 2022 an increase of 16% against the previous month. As a result, the export price reached the peak level of $2.8M per thousand units. From July 2022 to February 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,640 per unit), while the average price for exports to Uzbekistan ($763 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRY	Export Price of Plough in Germany (USD per unit)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
United States	N/A	N/A	3,888	N/A	N/A	N/A	1,872	4,276	3,972	N/A	5,045	2,226	4,640
Bulgaria	2,776	3,456	2,682	2,113	2,715	3,260	2,431	2,574	3,043	2,829	3,440	3,166	4,536
Netherlands	3,354	3,688	3,531	3,259	2,857	2,790	3,445	3,690	3,469	3,007	4,091	4,079	4,292
United Kingdom	2,483	2,432	3,083	2,651	2,714	2,808	2,975	2,919	2,796	2,960	3,317	3,039	3,420
Poland	925	1,807	1,646	2,316	2,450	2,150	1,886	2,025	1,404	1,729	1,687	1,736	2,919
Russia	2,107	1,954	1,874	1,746	2,272	2,052	1,833	1,995	3,281	2,607	2,825	N/A	2,714
France	2,473	3,063	3,426	2,035	3,211	1,996	2,531	2,316	2,172	2,337	2,332	2,793	2,569
Romania	3,474	2,180	2,864	2,898	3,295	3,255	3,448	3,068	3,156	2,992	3,005	3,322	2,509
Serbia	1,476	2,136	2,082	2,102	1,970	2,037	1,817	2,000	1,959	2,050	2,101	2,556	2,413
Ukraine	2,143	2,012	2,002	1,914	1,999	1,853	1,924	1,809	1,873	1,610	1,950	1,894	2,278
Chile	N/A	1,908	2,117	N/A	2,013	2,296	702	N/A	N/A	N/A	N/A	N/A	2,214
China	N/A	1,707	1,633	1,509	N/A	1,522	1,509	1,472	1,537	1,556	1,768	1,683	1,753
Uzbekistan	N/A	386	N/A	3,355	1,921	N/A	393	N/A	298	392	N/A	622	763
Average	2,400	2,463	2,636	2,390	2,768	2,458	2,457	2,353	2,466	2,488	2,745	2,737	2,710

Germany Plough Exports

In February 2023, overseas shipments of ploughs for agricultural purposes were finally on the rise to reach 2.3K units for the first time since November 2022, thus ending a two-month declining trend. In general, total exports indicated slight growth from February 2022 to February 2023: its volume increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -36.8% against November 2022 indices. The growth pace was the most rapid in March 2022 when exports increased by 63% m-o-m. The exports peaked at 3.7K units in November 2022; however, from December 2022 to February 2023, the exports stood at a somewhat lower figure.

In value terms, plough exports soared to $6.3M (IndexBox estimates) in February 2023. Overall, total exports indicated a tangible increase from February 2022 to February 2023: its value increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -34.4% against December 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 67% m-o-m. Over the period under review, the exports hit record highs at 9.6M units in December 2022; however, from January 2023 to February 2023, the exports stood at a somewhat lower figure.

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Germany Plough Exports by Country

France (472 units), China (289 units) and Russia (207 units) were the main destinations of plough exports from Germany, together comprising 42% of total exports. Ukraine, the UK, Romania, Poland, Chile, the Netherlands, Uzbekistan, Serbia, the United States and Bulgaria lagged somewhat behind, together comprising a further 41%.

From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($1.2M) remains the key foreign market for plough exports from Germany, comprising 19% of total exports. The second position in the ranking was taken by Russia ($562K), with a 9% share of total exports. It was followed by China, with an 8.1% share.

From February 2022 to February 2023, the average monthly growth rate of value to France stood at +2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+6.9% per month) and China (+0.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plough market in Germany. 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 28303130 -
Prodcom 28303150 -

Country coverage:

Germany

Data coverage:

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

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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
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1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
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5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
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1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
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Choosing the Best Countries to Boost Your Exports
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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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Germany - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

Germany's Plough Price Drops Slightly to $2,710 per Unit After Two Consecutive Months of Decline

Germany Plough Export Price in February 2023

Germany Plough Exports

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Germany Plough Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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