Price for Tractors; (Other than Tractors of Heading No 8709) in Hungary - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Hungary (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Hungary (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Hungary
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Hungary
Price for Tractors; (Other than Tractors of Heading No 8709) in Hungary (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $65,522 per unit, with a decrease of -3.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 194% against the previous year. Over the period under review, average import prices reached the peak figure at $306,113 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($118,268 per unit), while the price for Japan ($3,134 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Hungary (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $53,279 per unit in 2022, increasing by 39% against the previous year. Overall, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of 92% against the previous year. Over the period under review, the average export prices reached the peak figure at $84,104 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($97,658 per unit), while the average price for exports to Egypt ($9,372 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of tractors; (other than tractors of heading no 8709)s, which increased by 27% to 12K units in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 174%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of tractors; (other than tractors of heading no 8709)s surged to $768M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 66.9 | 135 | 199 | 256 | 56.4% |
| Netherlands | 146 | 100 | 114 | 138 | -1.9% |
| Italy | 44.0 | 33.4 | 44.4 | 71.9 | 17.8% |
| Slovakia | 53.6 | 45.2 | 51.2 | 64.1 | 6.1% |
| Austria | 28.7 | 27.5 | 32.7 | 40.0 | 11.7% |
| Turkey | 15.6 | 7.1 | 26.3 | 32.2 | 27.3% |
| Belgium | 19.1 | 17.9 | 27.0 | 27.8 | 13.3% |
| Poland | 31.7 | 26.7 | 38.9 | 23.4 | -9.6% |
| Romania | 2.8 | 7.6 | 7.2 | 10.7 | 56.3% |
| Sweden | 10.2 | 8.4 | 6.1 | 9.9 | -1.0% |
| Croatia | 5.5 | 0.9 | 1.1 | 7.0 | 8.4% |
| India | 1.7 | 2.1 | 4.0 | 6.9 | 59.5% |
| Japan | 1.5 | 1.7 | 1.9 | 1.4 | -2.3% |
| Others | 78.1 | 80.2 | 76.7 | 78.6 | 0.2% |
| Total | 506 | 494 | 630 | 768 | 14.9% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Hungary in 2022:
- Germany (2843.0 units)
- Netherlands (1665.0 units)
- Italy (1203.0 units)
- Romania (716.0 units)
- India (671.0 units)
- Slovakia (542.0 units)
- Poland (486.0 units)
- Belgium (457.0 units)
- Japan (455.0 units)
- Austria (447.0 units)
- Turkey (416.0 units)
- Croatia (275.0 units)
- Sweden (214.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Hungary
After three years of growth, overseas shipments of tractors; (other than tractors of heading no 8709)s decreased by -24.5% to 6.2K units in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 186% against the previous year. The exports peaked at 8.1K units in 2021, and then dropped rapidly in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s amounted to $328M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 104%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 23.3 | 92.6 | 110 | 115 | 70.3% |
| Turkey | 0.2 | 5.2 | 42.3 | 79.0 | 633.7% |
| Georgia | N/A | 0.9 | 22.9 | 22.2 | 396.7% |
| Slovakia | 8.8 | 9.3 | 19.3 | 15.7 | 21.3% |
| Croatia | 1.1 | 11.4 | 16.6 | 14.2 | 134.6% |
| Poland | 14.8 | 5.4 | 15.2 | 11.5 | -8.1% |
| Serbia | 5.5 | 11.7 | 9.3 | 10.3 | 23.3% |
| Ukraine | 6.3 | 8.3 | 8.5 | 10.0 | 16.7% |
| Jordan | 3.4 | 4.5 | 3.7 | 4.7 | 11.4% |
| Austria | 1.8 | 3.5 | 3.4 | 4.3 | 33.7% |
| Afghanistan | 2.0 | 11.2 | 32.1 | 3.2 | 17.0% |
| United Arab Emirates | 0.2 | 0.4 | 3.7 | 1.8 | 108.0% |
| Egypt | 1.8 | 1.7 | 1.1 | 1.3 | -10.3% |
| Others | 19.0 | 14.2 | 24.4 | 34.5 | 22.0% |
| Total | 88.3 | 180 | 312 | 328 | 54.9% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Hungary in 2022:
- Romania (1179.0 units)
- Turkey (1033.0 units)
- Serbia (606.0 units)
- Slovakia (375.0 units)
- Ukraine (341.0 units)
- Jordan (318.0 units)
- Afghanistan (310.0 units)
- Croatia (265.0 units)
- Georgia (255.0 units)
- United Arab Emirates (178.0 units)
- Egypt (137.0 units)
- Austria (128.0 units)
- Poland (118.0 units)
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