Eastern Europe: Combine Harvester Market 2024

Combine Harvester Market Size in Eastern Europe

In 2023, the East European combine harvester market was finally on the rise to reach $X after two years of decline. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Combine Harvester Production in Eastern Europe

In value terms, combine harvester production reached $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

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Combine Harvester Exports

Exports in Eastern Europe

In 2023, approx. X units of combine harvester-threshers were exported in Eastern Europe; surging by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, combine harvester exports soared to $X in 2023. Total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Poland prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. Bulgaria (X units) ranks second in terms of the total exports with a X% share, followed by Slovakia (X%), Hungary (X%) and Russia (X%). Lithuania (X units) and Romania (X units) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%), Slovakia (X%), Hungary (X%), Bulgaria (X%) and Romania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Slovakia, Hungary, Lithuania and Bulgaria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest combine harvester supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, 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.

Combine Harvester Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of combine harvester-threshers decreased by X% to X units in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, combine harvester imports expanded remarkably to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Ukraine (X units) and Poland (X units) represented the main importers of combine harvester-threshers in Eastern Europe, together creating X% of total imports. Romania (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%), Bulgaria (X%), Russia (X%), Lithuania (X%) and Hungary (X%).

From 2012 to 2023, 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, the largest combine harvester importing markets in Eastern Europe were Poland ($X), Bulgaria ($X) and Romania ($X), together comprising X% of total imports. Hungary, Ukraine, Russia, Lithuania and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform