In 2024, the production of small and medium horsepower tractors will decline by more than 15%, while the production of large tractors will slightly decrease
Industry Data | Recently, the National Bureau of Statistics released the production data of large, medium, and small tractors for tractor manufacturers above designated size in December 2024 (National Bureau of Statistics standards: high horsepower wheeled tractors: greater than 100 horsepower; medium horsepower wheeled tractors: 25-100 horsepower; low horsepower wheeled tractors: less than 25 horsepower).
The total production of tractors in December 2024 was 42163 units, with a cumulative production of 48937 units of various wheeled tractors from January to December, a decrease of 10.94% compared to the same period last year.
PART.01
Production situation of large tractors
According to statistical data, the production of large tractors in December 2024 was 0.7399 million units, a year-on-year decrease of 17.0% compared to the same period in 2023, and an increase of 32.01% compared to the previous month. From January to December, the production of 111833 units was significantly affected, a year-on-year decrease of 0.3% compared to the same period in 2023.
PART.02
Production situation of medium-sized tractors
In December 2024, the production of medium-sized tractors was 22764 units, a year-on-year decrease of 16.2% compared to the same period in 2023, and an increase of 48.86% compared to the previous month. From January to December, a total of 236537 units were produced, a year-on-year decrease of 16.0% compared to the same period in 2023.
PART.03
Production situation of small tractors
In December 2024, the production of small tractors was 12000 units, a year-on-year decrease of 7.7% compared to the same period in 2023, and an increase of 9.09% compared to the previous month. From January to December, the production of small drag accounted for 141000 units, a year-on-year decrease of 15.1% compared to the same period in 2023.
Conclusion:
Compared to 2023, the production of small and medium-sized wheeled tractors has decreased by over 15%, while the production of large tractors has slightly decreased by 0.3%. In 2024, enterprises above designated size will produce 141000 small trailers, a decrease of 15.1% compared to 2023; Zhongtuo produced 236537 units, a decrease of 16.0% compared to 2023; Da Tuo produced 111833 units, a decrease of 0.3% compared to 2023.
Article source: Reprinted from Datian Agricultural Society | Agricultural Machinery 360 Network