Eastern Europe: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Eastern Europe

The East European harvesting machinery market expanded markedly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Harvesting Machinery Production in Eastern Europe

In value terms, harvesting machinery production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Harvesting Machinery Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of root or tuber harvesting machines decreased by X% to X units in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, harvesting machinery exports declined to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Poland was the largest exporter of root or tuber harvesting machines in Eastern Europe, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Belarus (X units) ranks second in terms of the total exports with a X% share, followed by Hungary (X%). Lithuania (X units), the Czech Republic (X units) and Romania (X units) held a minor share of total exports.

Poland was also the fastest-growing in terms of the root or tuber harvesting machines exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Lithuania (X%) displayed positive paces of growth. Hungary and Romania experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate 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 Belarus (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Harvesting Machinery Imports

Imports in Eastern Europe

In 2022, supplies from abroad of root or tuber harvesting machines increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports enjoyed mild growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, harvesting machinery imports skyrocketed to $X in 2022. Over the period under review, imports recorded a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. Poland (X units) held the second position in the ranking, followed by Belarus (X units). All these countries together held approx. X% share of total imports. The following importers - Hungary (X units), Ukraine (X units), Romania (X units) and the Czech Republic (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to harvesting machinery imports into Russia stood at X%. At the same time, Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), the Czech Republic (X%), Belarus (X%) and Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic, Poland, Belarus and Ukraine saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported root or tuber harvesting machines in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

In Russia, harvesting machinery imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

The import 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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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