Due to the drought, sales of agricultural machinery plummeted by up to 50%

2023-08-30 18:24:00

The drought continues to limit the Argentine economy: registered a 22% drop in the number of units sold of agricultural machinery in the second quarter of 2023 in relation to the same period last year.

This is clear from a report released by the National Institute of Censuses and Statistics (INDEC) this followingnoon. Of the four categories measured, only one showed positive signals. Is regarding Tractors, which posted an interannual rise of 4.5% al 2.291 a 2.395.

Credit for monotributistas of up to $4,000,000: what are the requirements?

As for the seed drill market, experienced a 50.2% collapse between months four and six 2023 and 2022 by jumping from 867 to 432 units sold.

The combine harvester sales decreased by 42.0%. Last year, 348 machines had been sold between April and June and this year 202 in the same period. Lastly, the Implements item showed a red of 32% with 2,861 units marketed the previous year and 1,934 in the current one.

Agricultural machinery: uneven turnover between categories

“The sale of agricultural machines during the second quarter of 2023 reaches a turnover of 126,601.5
million pesos, which represents an increase of 60.7%
in relation to the same quarter of 2022″, expresses the letter of the INDEC.

In this sense, from the statistical agency they maintained that the tractors “present the highest billing level of the quarter, with 57,538.0 million pesos, which represents a increase of 127.0% compared to the same quarter of the previous year”.

“Invoicing of implements and harvesters increases 57.8% and 35.1%, respectively, while seeders register a year-on-year drop of 3.1%,” they listed.

The market share of agricultural machinery

Between April and June 2023, tractors represented 45.4% of total turnover, with $57,538 million pesos; implements reached a 23.9% share, with $30,273 million; the harvesters held a 15.7% share, with $19,862 million; and the seeders kept the remaining 15%, with $18,927 million.

“Distortive” and “electoral campaign”, the reactions of the field to the measures of the Government for the sector

“Regarding the participation of the different subgroups of implements, it is observed that the sprayers represent 40.3%, with 12,193.4 million pesos of billing; the other implements participate with 38.5%, with 11,661.1 million pesos of invoicing; and the implements for hauling and storage of grains, with 6,419.3 million pesos, represent the remaining 21.2%”, the INDEC technicians delimited.

The evolution of agricultural machinery sales in 2023

If the magnifying glass is placed on the sales dynamics of agricultural machinery in the first half of 2023, accumulated a turnover of $205,143 million, which reflects an increase of 66.8% compared to the first six months of 2022.

Tractors present an increase of 118.8% in turnover in the period January-June 2023 compared to the same period last year. Implements increase 67.5%; harvesters, 55.8%; while seeders register a year-on-year drop of 4.2%,” detailed the entity chaired by Marco Lavagna.

At the same time, the total number of units sold, both domestic and imported, of tractors marked a slight rise of 0.7%, while the rest of the segments showed year-on-year falls: planters showed a retraction of 49.8%, harvesters contracted 32.3%; and implements fell 28.6%.

MF

1693420317
#Due #drought #sales #agricultural #machinery #plummeted

Leave a Replay