Nearly a Quarter of all New Tractor Registrations in April 2024 are in the 200hp Category

The latest FTMTA Statistics Service Report for April 2024 shows a reduced level of activity in the farm machinery sector in Ireland with new tractor registrations continuing in a downward trend. The numbers of imported used tractors and machines, registered for the first time in Ireland, decreased compared with the same month of April 2023.

Tractors

The April 2024 new tractor market at 191 units was 9% lower compared with the same month in 2023. There were 1,069 new tractors registered in the year-to-date, a 9% decline compared with the first four months of 2023.

County Cork continues to deliver the highest number of new tractor registrations at 157 units for the year-to-date, while Tipperary is ranked in second place with 106 units followed by Limerick and Meath were in joint third place at 62 units each.

The most popular power band continued in the 161 to 200hp category, which for April 2024 accounted for 24.6% of all new tractor registrations. Tractors in the power band lower than 100hp now account for 6.8% of all new tractor registrations, slightly lower than for the same month in 2023. The over 200hp category now accounts for 12.56% of all new tractors. The monthly average tractor horsepower figure for April 2024 was 153hp.

The FTMTA data shows that 263 imported used tractors were first-time registered in Ireland in April 2024, 30 units less than in April 2023. For the year to date, 935 used tractors were imported and registered for the first time, an 16.6% decline.

Telescopic Loaders

The Irish market for new telescopic loaders reported a marginal decline in April 2024 at 54 units. The latest FTMTA data shows new telescopic registrations increased in April 2024 by 10.2% compared with April 2023 when 49 units were registered. The year-to-date market shows a 4.75% increase in registrations. The two leading brands JCB and Manitou account for 69% of the total new market, while Kramer has grown to a healthy 13% market share. There were 54 imported used telescopic loaders registered in April 2024.

Wheeled Loaders

The Irish wheeled loader market recorded a higher number of new registrations in April 2024 at 20 units, compared with April 2023, while the year-to-date market decreased by 17.12%. The market dominance of the smaller Chinese manufactured machines at the lower price and power end of the market for farmers remains strong and now accounts for over 59% of the new wheeled loader registrations in Ireland. There were 5 imported used wheeled loaders registered in April 2024.

Backhoe Loaders

The Irish backhoe loader market declined in April 2024 compared with April 2023 with 4 new machines, which converted to a 20% decrease. There were no used backhoe loaders registered in April 2024 in Ireland.

New & Used Tractor Registrations by Month Ireland April 2024 – FTMTA

New Tractors Registrations                          

Month	Units
January	431
February	231
March	216
April	191
May
June
July
August
September
October
November
Total	1069

Used Tractor Registrations

Month	Units
January	202
February	225
March	245
April	263
May
June
July
August
September
October
November
Total	935

The FTMTA Statistics Service Reports are compiled from monthly raw data received from the Irish Revenue Commissioners who are responsible for all first-time registrations of new and used vehicles in Ireland.

For more information contact: Michael Farrelly, Executive Director

Tel: 045-409309 Email: info@ftmta.ie

Issued by FTMTA Statistics Service – 16 May 2024