Supply chain disruptions lead to a 40 percent drop in new tractor registrations in June, according to the FTMTA report

The FTMTA Tractor Registration Report for June 2022 shows the ongoing impact of disruptions to global supply chains on the number of agricultural tractors registered in Ireland.

There continues to be strong demand for new tractors in the Irish market, despite just 54 units being registered in June, down 40 per cent from the same month in 2021.

Year-to-date figures are 11 per cent lower than the same period in 2021, with 1,368 new tractors registered in the Republic of Ireland so far in 2022 compared with 1,539 units last year.

Co Cork continues to deliver the highest number of new tractor registrations so far this year with 197 units, while Tipperary is second with 110 units, followed by Wexford with 88 units.

The most popular powerband has moved down into the 101hp to 120hp category, which now accounts for 24.49 percent of all new tractor registrations year to date.

Tractors in the power range below 100 hp now account for 10.74 percent of all new registrations. The category over 200 hp accounts for 9.43 percent.

A total of 237 imported used tractors were first registered in Ireland in June 2022, down 12 per cent on June 2021. By the end of June 2022, 1,423 used tractors had been registered for the first time, compared to 2,329 units in the first five months of 2021, a reduction of more than 46.6 percent.

The latest data shows that new telehandler registrations have increased by 58.33 percent compared to June 2021, and the overall year-to-date trend shows an increase of 7.22 percent. The two leading brands account for over 60 percent of the total market.

The Irish wheel loader market saw a significant increase in new registrations of 62 per cent to 21 units in June 2022 compared to June 2021, while the market was up just 12.9 per cent year-to-date.

For the year to end June 2022, six new combines were registered in Ireland and 15 imported used combines were registered for the first time.

Most new combines sold in Ireland will be registered in July so it is too early to predict the 2022 market outcome at this point.

https://www.independent.ie/business/farming/machinery/supply-chain-disruptions-see-new-tractor-registrations-down-40pc-in-june-according-to-ftmta-report-41831531.html Supply chain disruptions lead to a 40 percent drop in new tractor registrations in June, according to the FTMTA report

Fry Electronics Team

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