Vietnam Tractor Exports 2017 – Vietnam Tractor Companies Market Share

18 September 2018
Vietnam Tractor Exports

Vietnam’s tractor exports in 2017 valued US$ 14706982, which increased from 2016 tractor exports valued US$ 12423156. The maximum supply of tractors registered in May and December months. As per latest market research report on tractor exports from Vietnam, May month recorded 12.0% share in value, while December month recorded 12.40% share in value. Quarterly speaking, Vietnam did the highest export business of tractors in 4th quarter with 33.01% contribution to total exports. The country exported total 3387 pieces of tractors in all quarters of 2017. Let’s have in-depth analysis of Vietnam export market of tractors from 2017 trade statistics.


A tractor, which comes under HS Code 8701, is an engineering vehicle, which is specifically designed for the purpose of hauling a trailer or machinery used in agriculture or construction and designed to deliver at a high tractive effort or torque at slow speeds. Here are some common types of tractors for various usage purposes:


            ·         Engineering Tractors

            ·         Backhoe Loader

            ·         Compact Utility Tractor

            ·         Standard Tractor

            ·         Row-crop Tractor

            ·         Garden Tractors

            ·         Two-wheel Tractors

            ·         Orchard Tractors

            ·         Automobile-conversion Tractors


As Vietnam is located in South East Asia, so farming is one of the powerful sectors into the country. It focuses mainly on growing sugar cane, natural rubber, cotton, coffee, rice, etc. Nearly 60% of inhabitants are active in farming, forestry or fishing. More than 3,000 pieces of tractors are sold in the country, mainly in the power range of 80-100 HP.


What is Covered in Our Vietnam Export Data and Report of Tractor?


Our report provides a comprehensive analysis of the tractor market in Vietnam. It covers a whole lot of information, which is required to study all aspects of country’s tractor export scenario. Our report contains following details:


·         Date of shipment on which tractor shipments departed.

·         Details of tractor exporter companies in Vietnam & foreign buyers as well.

·         HS Code with actual description of product.

·         Product specifications including brand, model, horse power, etc.

·         Market share of both Vietnamese and foreign ports.

·         List of importer countries purchased Vietnamese tractors.


So, our market research report on international tractor exports from Vietnam 2017 can be analysed on the basis of:


            ·         Quarter

            ·         Brand

            ·         Model

            ·         Horse Power

            ·         Vietnamese Companies

            ·         Foreign Companies

            ·         Foreign Country


Q4 Recorded Highest Number of Tractor Shipments – Quarter-wise Analysis


According to Export Genius business intelligence report on exports of tractors from Vietnam, the country did the highest export business of tractors worth US$ 4854842 in Q4 of 2017. Total 933 pieces of tractors were supplied to the world in Q4, 948 pieces in Q3, 950 pieces in Q2 and 556 pieces in Q1. Let’s have a look at Vietnam’s performance of tractors in all four quarters of 2017.


Quarter

Value USD %

Q1

15.84%

Q2

29.58%

Q3

21.58%

Q4

33.01%

 

Kubota Stands Largest Tractor Brand in Vietnam – Brand-wise Analysis


Although there are many tractors that look similar to each other, there are hundreds of different Vietnam tractor manufacturers. These manufacturers produce many different models of tractors for different requirements on different farms. Tractor market in Vietnam has been dominated by Kubota, which has captured a share of more than 50%. As per tractor export data of Vietnam, the company’s total tractor business in 2017 was US$ 8011398. Vietnam exported total 1646 pieces of Kubota tractors to the world countries in this year. Kubota has exclusive dealers located throughout the country. It is followed by Yanmar, which accounted market share of 17% in 2017. It registered US$ 2533313 export value and 795 pieces export quantity in the said year. Here are top 5 tractor brands exported from Vietnam in 2017 with their share in values.


Brand

Value USD %

Kubota

54.47%

Yanmar

17.23%

ISEKI

8.36%

John Deere

8.06%

Mitsubishi

5.33%

 

Vietnam Exported L5018 Tractor the Most – Model-wise Analysis


In terms of value, Vietnam exported Kubota’s L5018 tractor with 50 Horse Power the most in 2017 with 16.53% share in value, a report on tractor export from Vietnam reveals. Total tractor shipments of this model valued US$ 2430840 departed from the country in the said year. And in terms of quantity, Vietnam supplied Kubota’s B7001 tractor with 16 Horse Power the most in this year, which contributed 6.61% value to total exports. Total 224 pieces of tractors were shipped from Vietnam to the world. Let’s have a look at top 5 tractor models exported from Vietnam with share in value recorded in 2017.  


Model

Value USD %

L5018

16.53%

6603

8.06%

L4508

7.56%

L4018

4.94%

B7001

3.48%

 

Vietnam Recorded Highest Shipments of 50 Horse Power Tractors – Horse Power-wise Analysis


As per tractor export data of Vietnam, the country supplied largely tractors of 50 HP engine to other countries with 16.96% share in value registered in 2017. It recorded US$ 2493803 export value of tractor of 50 HP engine. Here are share in values of top 5 Horse Power engines of tractors. 


Horse Power

Value USD %

50 HP

16.96%

20 HP

9.06%

16 HP

8.73%

45 HP

7.65%

40 HP

5.14%

 

Market Share of Tractor Companies in Vietnam – Exporter-wise Analysis


Vietnam’s Hoang Huy Hoang Limited did the highest tractor export business in 2017 with 24.37% share in value. However, it stood at 2nd position in terms of exported quantity of tractors. Private Enterprise Trade Ming Gong supplied maximum quantity of tractors of 856 pieces from Vietnam to the world countries. Here are 5 largest Vietnam tractor suppliers with their market share recorded in 2017.


Vietnamese Exporter Company

Value USD %

Hoang Huy Hoang Company Limited

24.37%

Ltd Gold Star Farm Machinery

19.68%

Private Enterprise Trade Ming Gong

15.74%

Co. IBERO-Vietnam

9.16%

Company Limited Agriculture Goldstar Technology

8.61%

 

If you want to import tractors from Vietnam and get contact details of tractor suppliers in Vietnam, you have to buy our full report with actual shipments. This will help you to know when shipment take place, who were the largest & genuine tractor exporters in Vietnam, etc. For your reference, a sample is given below that will help you in understanding the format of our tractor shipment data of Vietnam.


Date

06 Jan 2017

Vietnamese Exporter Company

Hoang Huy Hoang Company Limited

Foreign Importer Company

VN Tractor, INC

HS Code

87019010

Product Description

Agricultural tractors Yanmar refurbished YM3110D # & JP

Brand

Yanmar

Model

YM3110

Unit

Piece/Pcs

Quantity

2

Value (USD)

10200

Unit Price (USD)

5100

Origin Country

Japan

Condition of Goods Delivery

FOB

Payment Condition

TTR

Vietnamese Port

Cat Lai Port (Ho Chi Minh)

Export Country

Vietnam

Import Country

United States of America

Foreign Port

Long Beach - CA


Vietnam Exported Maximum Tractors to the Philippines – Foreign Country-wise Analysis


As per Vietnam customs data of tractor, the country export tractors majorly to the Philippines worth US$ 3523040 in 2017 with 23.95% share in value. It was followed by Netherlands, United States of America, Australia and Laos. However, the maximum quantity of tractors of 880 pieces was supplied to Netherlands.


Foreign Country

Value USD %

Philippines

23.95%

Netherlands

17.72%

United States of America

15.24%

Australia

10.27%

Laos

8.72%

 

So, Vietnam has one of the largest tractor industries in the world. It not only produces tractors for their own use but also supply to major countries, primarily for hauling a trailer or machinery used in agriculture or construction. For your data requirements or knowing more about us, contact us right away.


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.     
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