Tractor imports to Romania keep growing & the structural outlook for farm machinery sales remains positive, acccording to the latest analysis from market research firm FRD Center:
- Growing market: 2016 tractor imports were up by 25% (compared to 2015), rising to c. EUR 645 million, constant growth has been observed during the last 4 years.
At the same, time the strucutral need for modernisation remains high, as the existent mechanization and technology level is very low & the fleet is insufficient and old:
- Old tractor fleet: one third of tractors in Romania are over 20 years old, c. 73% of tractors exceeded the recommended operation period of use.
At the same time, there are a number of challenges ahead for agriculture and the farm machinery market in Romania, most notably:
- farm structure (small-sized, highly fragmented)
- high number of semi-subsitance farms
- insufficient use of EU funds
- slow labour productivity growth
- poor infrastructure
- inadequate access to information (for farmers)