New tractor registrations show signs of a dip – FTMTA Market Report

The latest FTMTA Statistics Service Report for August 2022 shows the continuing impact of disruptions to global supply chains on the numbers of agricultural tractors being registered in Ireland. While there remains a strong demand for new tractors on the Irish market, the market for the year to date dropped by 12% at the end of August.

Tractors

The August 2022 new tractor market at 151 units was 15% lower compared with the same month in 2021. The year-to-date figures are 12% lower than the same period in 2021 with 1,840 new tractors registered in the Republic of Ireland, so far in 2022, compared with 2,084 units in 2021.

County Cork continues to deliver the highest number of new tractor registrations at 260 units for the year-to-date, while Tipperary is ranked in second place with 148 units followed by Wexford at 124 units.

The most popular power band has moved to the 141 to 160hp category, which for the year-to-date now accounts for 20.82% of all new tractor registrations. Tractors in the power band lower than 100hp now account for 10.32% of all new tractor registrations. The over 200hp category now accounts for 9.62% of registrations.

The FTMTA Statistics Service data shows that 220 imported used tractors were first-time registered in Ireland in August 2022, an 11% increase compared with August 2021. There were 1,821 used tractors first registered by the end of August 2022 compared with 2,803 units for the first eight months of 2021, a more than 35% reduction.

Combine Harvester Market 2022

The FTMTA Statistics Service data shows that 40 new combine harvesters were registered in Ireland for the first eight months of 2022, compared with a total of 57 combine harvesters registered for all of 2021. There were 32 used combine harvesters first-time registered in Ireland for the year to the end of August, compared with 37 used combine harvesters registered for the same period in 2021.

Wexford dominated the new combine harvester market with ten new machines registered, and 5 used machines registered to the end of August 2022. Kildare accounted for six new combine harvester registrations along with 3 used imports, while counties Meath and Tipperary each shared an equal 5 new combine harvester registrations. Cork had the highest number of imported used combine harvester registrations at 8 units.

Supply chain issues impacted significantly on the delivery of new combine harvesters to the Irish market. They have also impacted on the availability of used combine harvesters across Europe and the UK, a significant number of which are imported into Ireland each year.

Telescopic Loaders

The Irish market for new telescopic loaders remained reasonably strong in August 2022 at 40 units. The latest FTMTA data shows new telescopic registrations increased in August 2022 by 25% compared with August 2021, and the overall year-to-date trend shows an increase of 13.3% to 417 units in 2022. The two leading brands account for over 60% of the total market. There were 28 imported used telescopic loaders registered in August 2022.

Wheeled Loaders

The Irish wheeled loader market recorded a similar number of new registrations in August 2022 at 9 units, compared with August 2021, while the year-to-date market increased by 2.6%. The market dominance of Chinese manufactured machines at the lower power end of the market for farmers remains strong for the year to date to the end of August 2022 and now accounts for 55% of the new wheeled loader registrations in Ireland. There were 4 imported used Wheeled loaders registered in August 2022.

Backhoe Loaders

The Irish backhoe loader market dropped to 8 new registration units in August 2022, while the year-to-date market remains strong with 53 units registered so far in 2022, which is a 7.02% reduction compared with the same eight months of 2021. One brand continued to dominate the market with registrations that account for almost 70% of the new backhoe loader registrations. There were 10 used backhoe loaders registered in August 2022 in Ireland.

The FTMTA Statistics Service Reports are compiled from monthly raw data received from the Irish Revenue Commissioners who are responsible for all first-time registrations of new and used vehicles in Ireland.

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