Eastern Europe: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Eastern Europe

The East European market for forage harvesters and other harvesting machines totaled $X in 2023, rising by X% against the previous year. The total consumption indicated a notable 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the near future.

Production of Forage Harvesters and Other Harvesting Machines in Eastern Europe

In value terms, production of forage harvesters and other harvesting machines rose rapidly to $X in 2023 estimated in export price. The total production indicated measured growth 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Eastern Europe

In 2023, the amount of forage harvesters and other harvesting machines exported in Eastern Europe rose rapidly to X units, growing by X% compared with 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines reached $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Poland (X units), distantly followed by Belarus (X units), Hungary (X units), the Czech Republic (X units), Russia (X units) and Bulgaria (X units) represented the key exporters of forage harvesters and other harvesting machines, together mixing up X% of total exports. Lithuania (X units) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Russia, Bulgaria, the Czech Republic and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the Czech Republic ($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 mixed trends in the export price figures.

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Eastern Europe

Imports of forage harvesters and other harvesting machines totaled X units in 2023, growing by X% compared with 2022 figures. Over the period under review, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines stood at $X in 2023. In general, imports enjoyed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of forage harvesters and other harvesting machines in 2023 were Russia (X units), Romania (X units) and Slovakia (X units), together amounting to X% of total import. It was distantly followed by Poland (X units), the Czech Republic (X units), Ukraine (X units), Hungary (X units), Bulgaria (X units) and Lithuania (X units), together generating a X% share of total imports.

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, Russia ($X), Slovakia ($X) and Poland ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform