Key Market Indicators
Canadian tractor exports are forecast to drop 7.2% by 2026, from $391,790,000 in 2021. This is an average annual rate of decline since 1994, when they grew by 1.5%. In 2021, Belarus overtook Canada to become number one, while Canada placed 20th. Mexico, the Netherlands and the United States were ranked second, third and fourth respectively. Meanwhile, Canadian tractor imports are expected to reach $4.8 billion by 2026, a 1.7% year-on-year CAGR. Since 1994, imports have grown 9.2% annually. In 2021, the United States was number one, while Canada, France and Germany took the second, third and fourth positions.
