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Comparative analysis of tractor subsidy sales and market in various provinces and regions in 2022

Views: 1     Author: Site Editor     Publish Time: 2023-09-07      Origin: Site

Mastering the actual sales volume of tractors in relevant provinces and regions can help tractor production enterprises accurately determine market space, scientifically determine the precise quantity of tractor products to be placed in a certain province, and improve production and sales efficiency. Due to the long-standing issue of agricultural machinery subsidies, the actual sales of annual tractor subsidies have become a challenge.

According to the regulations of various provinces and regions in China, the final subsidy deadline for Guosan Agricultural Machinery is August 31, 2023, which means that all Guosan tractors purchased in 2022 will be fully subsidized by the end of August this year. Some of the tractors currently sold in our country were publicly announced and subsidized in the same year, while the other part will be publicly announced and subsidized in the following year. In this way, the annual sales volume subsidized in 2022, combined with the 2022 sales volume subsidized in 2023, can accurately calculate the tractor subsidy sales volume of each province in 2022.

1、 Calculation and Results of Tractor Subsidy Sales by Province and Region in 2022

The 2022 tractor subsidy sales consist of two parts: the 2022 subsidy sales and the January August 2023 subsidy. Based on the published data of agricultural machinery purchase subsidies in various provinces and regions, we have calculated the annual sales volume, and then calculated the tractor subsidy sales volume for each province and region in 2022.

1. Number of subsidized tractors by province in 2022

According to the data released at the beginning of the year on subsidies for purchasing agricultural machinery in various provinces and regions, in 2022, a total of 535228 subsidized tractors were sold in various provinces and regions in China, of which 300187 were sold in 2022.

2. As of the end of August 2023, the number of subsidized tractors in each province and region

According to the announcement data of agricultural machinery purchase subsidies, as of August 31, 2023, a total of 350518 tractors were subsidized by various provinces and regions in China, of which 93481 were sold in 2023, and the rest were sold in 2022 and prior years.

2. As of the end of August 2023, the number of subsidized tractors in each province and region

According to the announcement data of agricultural machinery purchase subsidies, as of August 31, 2023, a total of 350518 tractors were subsidized by various provinces and regions in China, of which 93481 were sold in 2023, and the rest were sold in 2022 and prior years.

2、 Analysis and Comparison of Tractor Subsidy Sales in Recent Years

1. Tractor subsidy sales in 2023 increased by 21.11% compared to 2020

In 2022, the subsidized sales of tractors reached 534431 units, which is the highest among the subsidized sales in recent years. We all know that due to the high subsidies provided by the government to tractors, especially large tractors, the sales of tractor subsidies reached a peak in 2020. What is the sales volume of tractor subsidies in various provinces and regions in 2020?

According to statistics at that time, in 2020, the national tractor subsidy sales reached 441263 units, while in 2022, the tractor subsidy sales reached 534431 units, an increase of 21.11% compared to 2020.

2. Sales and ranking of tractor subsidies in various provinces and regions in 2020

In 2020, the sales volume of tractor subsidies ranked in the top 10 provinces and regions exceeded 20000 units, and the top 15 all exceeded 10000 units. In 2020, the subsidy sales of tractors in Heilongjiang and Jilin provinces ranked first and second with 65400 and 53800 units respectively; Inner Mongolia and Henan ranked third and fourth with 37000 and 32800 units respectively. In addition, Xinjiang, Hebei, Shandong, Liaoning, Anhui, and Gansu provinces and regions all exceeded 20000 units, while Jiangsu, Shanxi, Hubei, Shaanxi, and Jiangxi all exceeded 10000 units.

3. Sales and ranking of tractor subsidies in various provinces and regions in 2022

According to statistics and calculation results, in 2022, the top 9 provinces and regions that subsidized tractors exceeded 20000 units, and the top 15 provinces and regions subsidized more than 10000 units. The most subsidized tractors in 2022 were in Inner Mongolia Autonomous Region, with a total of 64965 units, rising from third place in 2020 to first place; Heilongjiang ranked second with 59387 units, and Henan ranked third with 53429 units. The top 10 provinces and regions that subsidize tractors in 2022 are the same as those in 2020, but the ranking has undergone significant changes. Among them, Xinjiang Autonomous Region experienced the greatest change, dropping from 5th place in 2020 to 10th place in 2022. The provinces and regions ranked 11th to 15th have not changed.

4. Difference between the number of tractor subsidies and actual sales in 2022

In terms of total amount, in 2022, a total of 535228 tractors were subsidized in various provinces and regions across the country. After calculation, the actual subsidized sales of tractors were 534431, indicating that there was little difference in total amount. However, there was still a significant difference among different provinces and regions. For example, Inner Mongolia has provided subsidies for 84187 tractors, but calculated the actual sales of 64965 units, with a difference of 19000 units; The subsidy quantity in Henan is 69576 units, but the actual sales are 53429 units, with a difference of 16000 units.

3、 Analysis of Tractor Market Since 2020

Although the ranking of tractor subsidy sales in various provinces and regions has not changed significantly in recent years, the changes in the tractor market in each province and region are still very obvious, mainly with the following characteristics.

1. The traditional tractor market is gradually becoming saturated in major provinces

Compared with 2020, Heilongjiang, Jilin, and Xinjiang provinces and regions still rank in the top 10 in terms of tractor sales in 2022, but tractor sales have decreased instead of increasing. Heilongjiang Province has decreased from 65400 units in 2020 to 59400 units in 2022, a decrease of 9.17%; Jilin decreased from 53800 units in 2020 to 48300 units in 2022, a decrease of 10.22%; Xinjiang decreased from 29500 units in 2020 to 18800 units in 2022, a decrease of 36.27%. These data indicate that the previous large province in the tractor market is gradually becoming saturated, with new purchases mainly focused on old machine updates.

2. The Central Plains region has become the largest incremental market for tractors

Although the overall ranking of Henan, Hebei, and Shandong, several major agricultural provinces in the Central Plains, has not changed much compared to two years ago, the increase in these two years is relatively large, with a multiple difference compared to the top provinces and regions two years ago. Due to the large increase in new tractor purchases in recent years, they are catching up to the same level. For example, the sales of tractors in Henan Province increased from 32800 units in 2020 to 53400 units in 2022, an increase of 32.80%; The sales of tractors in Hebei Province increased from 25000 units in 2020 to 39000 units in 2022, an increase of 56.00%; Shandong Province increased from 22000 units in 2020 to 38300 units in 2022, an increase of 74.09%. In addition, the tractor market in the provinces and regions around Central Plains has also expanded. For example, provinces and regions such as Tianjin, Anhui, Shanxi, and Shaanxi have also experienced significant growth to varying degrees.

3. The provinces and regions where the tractor market has doubled have not received much attention

Although the tractor market in the Central Plains region has the largest increase, some provinces and regions have grown more in percentage terms, but due to their low base, they have not attracted much attention. For example, the sales of tractors in Guizhou Province increased from 280 units in 2020 to 653 units in 2022, an increase of 1.33 times; The sales of tractors in Tibet Autonomous Region increased from 1939 units in 2020 to 4087 units in 2022, an increase of 1.16 times; The sales of tractors in Qingdao increased from 1630 units in 2020 to 4420 units in 2022, an increase of 1.71 times. In addition, provinces such as Zhejiang, Guangdong, Hainan, and Yunnan have also experienced significant growth to varying degrees. These provinces and regions have not attracted the attention of relevant enterprises due to their low base, ranging from a few hundred units to several thousand units.

Tractors, as the most important field mobile operation power machinery, play an irreplaceable role. The tractor market in various provinces and regions of China is extremely imbalanced. Although some provinces and regions have seen a saturation trend in the tractor market, more provinces and regions are experiencing rapid growth in user demand, and many provinces and regions have not yet started their tractor markets. Therefore, there are not too many tractors in our country, but they are still far from enough.


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