“These increased incentives to boost the sector really need to be put into a more general context. The agricultural machinery industry has had an outstanding performance in recent years, hand in hand with the growth of agricultural production (and the increase in its value). If the evolution of the manufacturing industry as a whole is compared, it has to be located in April of this year 5% above that corresponding to the same month of the previous year, and 9% above that of 2019. However, if Compared to April 2017, industrial production as a whole has grown just 3% in 5 years. In the case of the agricultural machinery industry (and similar growth is inferred in the set of agropartists that contribute to the same value chain), in April 2022 it is 33% above the production of the same month of the previous year. On the other hand, its production is 178% above that of April 2019 (according to INDEC figures, in its industrial production report), and 51% above that of 2017.”, they explain from the entity.
In order of growth, in the first quarter of the year (compared to the previous year), combine harvesters (+44%), followed by tractors (+27%), seeders (+18%) and implements ( -3%, sprayers being the component that contracted the most, although they come at a very high level of sales).
“It is important to note that the items with the highest growth in 2022, so far, are the ones that had grown the least in the previous two years, and vice versa. This leads us to a second point of view, which is the one that arises from analyzing the level of activity in the sector, in historical terms. While sales of combine harvesters and tractors are far from their historical highs, seeders and implements are at high levels of activity in comparative terms, marking significant growth. In 2021, the harvesters sold represented barely 58% of those marketed in 2017. In the case of tractors, last year a total equivalent to 78% of those corresponding to 2017 were sold. In contrast, sales of seeders were located at 123%, in the same comparison, and those of implements in 114%. These indicators are very significant if one also bears in mind that manufacturers of seeders and implements account for more than 90% of the companies in the sector. The comparison with the year 2017 is not capricious, since in that period the highest level of investment in agricultural machinery of the last 20 years was registered (previous records are incomplete),” they point out from the Mediterranean entity.
Source: Ambito
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