Despite widespread supply chain disruption due to the pandemic, registrations of agricultural tractors in Europe in 2021 were up 17% on 2020. Nearly 230,000 tractors were registered across Europe in the full year 2021, the highest level for nearly a decade1.
These are the findings in a recently-published release by CEMA, the European Agricultural Machinery Association.
In the UK, the year was a story of two halves, with an increase of 25% in the number of tractor registrations in the first six months, compared with same period in 2020. However, supply issues took their toll in the second half of 2021, with registrations only marginally higher than in 2020 and 2% below average.
Overall registrations for the year were on a par with better performing recent years – but this total could have been substantially higher without the significant supply chain issues.
CEMA notes
“It was a similar story for other types of farm equipment, with the value of orders for non-mobile machinery up 17% on 2020 but completed sales only 3% higher. The backlog of orders waiting to be delivered at the end of the year was 40% larger than a year before, having also risen at a similar rate during 2020.”
John Bolton, Head of Food & Agriculture at BNP Paribas Leasing Solutions, comments:
“The release echoes our findings – orders for tractors and agricultural equipment remain very strong but production delays are having a significant impact on delivery times. With these issues set to continue, buyers will need to think further ahead when considering their purchasing plans.”
“In addition to order backlogs, the industry is also contending with spiralling production costs. Despite these challenging conditions, demand remains buoyant and we continue to work closely with our manufacturer, dealer and broker partners to support them in delivering proactive finance solutions which help drive the industry forward.”
To read the CEMA release click here
With a sustained presence in the UK agricultural industry spanning nearly 50 years, we are proud of our deep roots and a strong heritage. Our team are looking forward to catching up with established valued partners and meeting new contacts at a number of upcoming shows including:
LAMMA 2022 4-5 May
Cereals 2022 8-9 June
Royal Highland Show 23-26 June
If you’re attending a show, please get in touch with your Account Manager or contact John Bolton john.bolton@uk.bnpparibas.com to arrange a catch up.
1Report published by CEMA. 22nd March 2022. For full report please see 2022-03-21-CEMA_Economic_Press_Release_Tractor_Registrations_2021.pdf (cema-agri.org). The total number of registrations may include other types of vehicles which are sometimes classified as tractors, such as quad bikes, side-by-sides, telehandlers or other equipment. Additionally, for certain countries it can include some second-hand registrations.
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