SAAMA PRESS RELEASE – JULY 2023

Month – July 2023
Percentage change
Year-to-date
Percentage change
2023
2022
2023
2022
Tractors
660
777
-15.1
4 715
4 907
-3.9
Combine Harvesters
32
36
-11.1
359
249
44.2

July tractor sales of 660 units were 15% less than the 777 units sold in July last year.   On a year-to-date basis tractor sales are now approximately 4% down on last year.   Thirty-two combine harvesters were sold in July, four units less than the 36 units sold in July last year.   On a year-to-date basis combine harvester sales are now 44% more than last year.

As summer crop harvesting comes to an end and farmers are looking ahead to preparations for the new summer-cropping season and winter crop harvesting, a note of caution has entered the market.   Expectations of the El Niño phenomenon and the uncertainty of the possible severity of this are adding to this caution   It is likely, therefore, that lower sales will prevail until the course of the forthcoming summer rainfall season is known.   Nevertheless, forecasts for tractor sales for the 2023 calendar year are still that they will be between 10 and 15% down on last year.

Combine harvester sales are still very buoyant and it is likely that sales for the 2023 calendar year will be between 10 and 20% up on last year.

Tallie Giessing
Chairman: South African Agricultural Machinery Association

Contact: Tallie Giessing (082) 874-0449 or Dr. Jim Rankin (011) 453-7249