June tractor sales hold with slow combine harvester registrations

The latest FTMTA Statistics Service Report for June 2022 shows the continuing impact of disruptions to global supply chains on the numbers of agricultural tractors being registered in Ireland. There remains a strong demand for new tractors on the Irish market.

Tractors

The June 2022 new tractor market at 54 units was 40% lower compared with the same month in 2021. The year-to-date figures are 11% lower than the same period in 2022 with 1,368 new tractors registered in the Republic of Ireland, so far in 2022, compared with 1,539 units in 2021.

County Cork continues to deliver the highest number of new tractor registrations at 197 units for the year-to-date, while Tipperary is ranked in second place with 110 units followed by Wexford at 88 units.

The most popular power band has moved down to the 101 to 120hp category, which for the year-to-date now accounts for 24.49% of all new tractor registrations. Tractors in the power band lower than 100hp now account for 10.74% of all new tractor registrations. The over 200hp category now accounts for 9.43% of registrations.

The FTMTA data shows that 237 imported used tractors were first-time registered in Ireland in June 2022, a 12% decrease compared with June 2021. There were 1,423 used tractors first registered by the end of June 2022 compared with 2,329 units for the first five months of 2021, a more than 46.6% reduction.

Telescopic Loaders

The Irish market for new telescopic loaders continued to grow in June 2022. The latest FTMTA data shows new telescopic registrations increased by 58.33% compared with June 2021, and the overall year-to-date trend shows an increase of 7.22%. The two leading brands account for over 60% of the total market. There were 19 new telescopic loaders registered in June 2022 compared with 17 used first time registrations.

 Wheeled Loaders

The Irish wheeled loader market recorded a significant 62% increase in new registrations in June 2022 to 21 units, compared with June 2021, while the year-to-date market increased by just 12.9%. The market dominance of Chinese manufactured machines at the lower power end of the market for farmer use declined further in June 2022 and now accounts for 52% of the new wheeled loader registrations in Ireland.

Backhoe Loaders

The Irish backhoe loader market increased by 3 new registration units in June 2022, while the year-to-date market remains strong with 37 units registered so far in 2022, which is a 5.71% increase compared with the same five months of 2021. One brand continued to dominate the market with registrations that account for almost 65% of the new backhoe loader registrations.

Combine Harvester Market 2022

There were only 6 new combine harvesters registered in Ireland for the year to the end of June 2022 and 15 used combine harvester imports were registered for the first time. Most new combine harvesters sold in Ireland are registered in the month of July, so it is too early at this stage to predict the market outcome for new combine harvesters for 2022.

 

 

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