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The patenting of agricultural machinery plummeted by 41% in one year

2024-02-12T09:44:57.348Z

Highlights: In January 2024, only 331 combines, tractors and sprayers were registered in the country. The number represents a drop of 40.9 percent year-on-year. The industry expects a recovery from Expoagro and the thick harvest. The end of the extreme drought and the arrival of El Niño accompanied by abundant rains last spring, hope grew of obtaining good harvests in the 2023/2024 campaign and, as a consequence, achieving greater sales of agricultural machinery. "January 2024 leaves very poor numbers, being the lowest month in patented machinery since 2020," they pointed out from Acara.


It also fell 27 5 from December to January. The industry expects a recovery from Expoagro and the thick harvest.


In January 2024,

only 331 combines, tractors and sprayers were registered

in the country.

According to the Agricultural Machinery Division of the Association of Automotive Dealers of the Argentine Republic (Acara), the number represents a

drop of 40.9 percent year-on-year

, since in January 2023 560 units had been patented.

If compared to last December, when 458 units were patented, the decrease reaches 27.7 percent.

With the end of the extreme drought and the arrival of El Niño accompanied by abundant rains last spring, hope grew of obtaining good harvests in the 2023/2024 campaign and, as a consequence, achieving greater sales of agricultural machinery.

However, the expectation was far from reality.

"January 2024 leaves

very poor numbers

, being

the lowest month in patented machinery since 2020

," they pointed out from Acara.

An Acara report indicates that 22 harvesters

were registered in January 2024

, 8.3 percent less than the 24 in December and

64.5 percent less than January 2023

, when 62 were patented.

Evolution of patenting of agricultural machinery.

Source: Acara.

In addition, in the first month of 2024, 289 tractors

were registered

, this means a decline of 29.3 percent in relation to the 409 units in December and

35.3 percent year-on-year

, taking into account that in January 2023 there had been scored 447 units.

On the other hand, there was a patent for

20 sprayers

in January, which represents a drop of 20 percent compared to the 25 units last December, and

60.8 percent compared to January 2023

when 51 units were registered.

"The

beginning of the year was very weak

in line with the third quarter of 2023, with declining numbers, however,

optimism in the sector for the post-harvest

is high and it is expected that, with good production and order in the economic variables, the year may have a recovery from the gross,

perhaps waiting for Expoagro

in March, as the turning point to see green numbers again," Acara expressed.

Source: clarin

All news articles on 2024-02-12

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