Demand “remains strong” for new tractors on the Irish market, but disruptions to global supply chains continue to impact tractor registrations in the country.
That is the key finding arising from the latest statistics service report for July 2022 from the FTMTA.
Tractor Registrations FTMTA
The July 2022 new tractor market at 321 units was 13% lower than July 2021.
According to the association’s database, the year-to-date figures are 11% lower than the same period in 2021, with 1,689 new tractors registered in the Republic of Ireland so far in 2022, compared with 1,907 units in 2021.
The Rebel County continues to deliver the highest number of new tractor registrations at 241 units for the year-to-date.
Meanwhile, Tipperary is second, followed by 136 units in Co Wexford.
The most popular power band, the association says, has moved to the 141 to 160hp category, which, for the year-to-date, now accounts for 20.06% of all new tractor registrations.
Tractors in the power band lower than 100hp now make up 10.53% of all new tractor registrations, while the over 200hp category now accounts for 9.57% of registrations.
Its data shows that 178 imported used tractors were first-time registered in Ireland in July 2022, a 35% decrease compared with July 2021.
Moreover, there were 1,601 used tractors first registered by the end of July 2022. This is compared to 2,605 units for the first five months of 2021, a more than 38% drop.
The Irish market for new telescopic loaders “remained strong” in July 2022 at 80 units, the FTMTA says.
The latest FTMTA data shows new telescopic registrations rose by 35% compared with July 2021.
The overall year-to-date trend shows an increase of 12.2% to 377 units in 2022. The two leading brands account for over 60% of the total market.
There were 80 new telescopic loaders registered in July 2022 compared with 26 used first-time registrations.
Other machinery news articles on That’s Farming: