Key Market Indicators
Chinese demand and supply for tractors is set to reach a combined total of nearly $2.3 billion by 2026. This is an increase from $2.05 billion in 2021, with an average growth rate of 2.45% year on year. China's demand and supply for tractors is on the rise, with an expected combined total of nearly $2.3 billion by 2026. This is an increase of 2.45% annually since 2021, when the total was $2.05 billion. China was the 21st largest importer of tractors in 2021, with imports totalling $513.9 million. This is expected to grow 2.9% annually to reach $611.1 million by 2026. Hungary had the largest share of imports, followed by Canada, France and Germany. On the export side, China was the 12th largest exporter of tractors in 2021, with exports totalling $1.54 billion. This is expected to grow 2% year on year to reach $1.73 billion by 2026. Brazil had the largest share of exports, followed by Mexico, the Netherlands and the United States.
