The latest registration statistics issued by the Farm Tractor & Machinery Trade Association indicate that the Irish new tractor market declined by slightly less than 2% during 2018.

A total of 1,762 new tractors were registered in 2018, down 34 units on the 2017 figure.

FTMTA chief executive Gary Ryan said: “Given the extremely poor start to the year with a 29% drop in the key month of January and the challenging conditions endured by Irish agriculture during 2018, the final outcome is much improved on what might have been feared earlier in the year.”

Telehandler registrations saw another good year with a total of 374 units registered which was an increase of some 23% on the previous year.

Wheeled loaders also had a good year with the 118 units registered representing a nearly 39% increase on 2017.

Backhoe loaders also experienced somewhat of a resurgence with 70 units registered versus 52 of this category registered the year before and the 40 registered in 2016.