Eastern Europe: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Eastern Europe

For the third consecutive year, the East European agricultural forestry machinery market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Agricultural Forestry Machinery Production in Eastern Europe

In value terms, agricultural forestry machinery production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports in Eastern Europe

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by X% to X units, rising for the second consecutive year after three years of decline. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, agricultural forestry machinery exports rose sharply to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Poland represented the main exporter of agricultural forestry machinery (lawn or sportsground rollers) in Eastern Europe, with the volume of exports reaching X units, which was near X% of total exports in 2022. Hungary (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%) and Russia (X%). Ukraine (X units) and Lithuania (X units) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), Lithuania (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Russia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest agricultural forestry machinery supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports in Eastern Europe

In 2022, overseas purchases of agricultural forestry machinery (lawn or sportsground rollers) increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, agricultural forestry machinery imports rose to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X units), distantly followed by Poland (X units), Romania (X units), the Czech Republic (X units), Lithuania (X units), Bulgaria (X units) and Slovakia (X units) were the major importers of agricultural forestry machinery (lawn or sportsground rollers), together constituting X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The Czech Republic, Slovakia, Bulgaria and Lithuania lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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