We continue to observe optimism in South Africa’s tractor sales as the 2021/22 summer crop production season approaches. The recent data from the South African Agricultural Machinery Association show that tractor sales were up by 56% y/y in August 2021, with 724 units sold. If we consider the total tractor sales for the first eight months of this year, we are already 30% ahead of the corresponding period in 2020, with 4 658 units. Importantly, 2020 was also a good year in South Africa's tractor sales, so surpassing it means that we are witnessing some good momentum this year. Agbiz chief economist Wandile Sihlobo discusses this subject in the linked podcast.
Published: 13 September 2021