Hungary: Combine Harvester Market Overview 2021

Combine Harvester Market Size in Hungary

The Hungarian combine harvester market expanded markedly to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market failed to regain the momentum.

Combine Harvester Production in Hungary

In value terms, combine harvester production expanded significantly to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Combine harvester production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Combine Harvester Exports

Exports from Hungary

In 2020, shipments abroad of combine harvester-threshers decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2019, and then declined remarkably in the following year.

In value terms, combine harvester exports declined remarkably to $X in 2020. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tonnes), Croatia (X tonnes) and Romania (X tonnes) were the main destinations of combine harvester exports from Hungary, together comprising X% of total exports. These countries were followed by Jordan, Poland, Ukraine, Bulgaria, Slovakia, Greece, Iraq, Germany, Italy and Iran, which together accounted for a further X 2007 to 2020, the biggest increases were in Bulgaria, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for combine harvester exported from Hungary were Romania ($X), Serbia ($X) and Slovakia ($X), together accounting for X% of total exports. These countries were followed by Croatia, Bulgaria, Germany, Jordan, Iraq, Ukraine, Poland, Greece, Italy and Iran, which together accounted for a further X saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average combine harvester export price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2016 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Iran ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Combine Harvester Imports

Imports into Hungary

In 2020, overseas purchases of combine harvester-threshers decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports saw a pronounced curtailment. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, combine harvester imports reduced sharply to $X in 2020. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), Austria (X tonnes) and Poland (X tonnes) were the main suppliers of combine harvester imports to Hungary, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest combine harvester suppliers to Hungary were Austria ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports.

In terms of the main suppliers, Austria 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 average combine harvester import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the last thirteen-year period, 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 supplying countries. In 2020, the country with the highest price was Belgium ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for combine harvester-threshers in the world?

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The country with the largest volume of combine harvester consumption was China (648K tonnes), comprising approx. 27% of total volume. Moreover, combine harvester consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (282K tonnes), twofold. The third position in this ranking was occupied by India (180K tonnes), with a 7.5% share.

What are the largest producers of combine harvester-threshers in the world?

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The countries with the highest volumes of combine harvester production in 2020 were China (688K tonnes), the U.S. (369K tonnes) and Germany (175K tonnes), with a combined 50% share of global production. These countries were followed by India, Brazil, Russia, Italy, the UK, Japan, France, South Korea, Turkey and Poland, which together accounted for a further 34%.

What are the leading suppliers of combine harvester-threshers to Hungary?

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In value terms, Austria ($21M), Germany ($20M) and Belgium ($8.3M) were the largest combine harvester suppliers to Hungary, with a combined 84% share of total imports.

What are the leading importers of combine harvester-threshers from Hungary?

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In value terms, Romania ($1.3M), Serbia ($1.1M) and Slovakia ($626K) appeared to be the largest markets for combine harvester exported from Hungary worldwide, with a combined 52% share of total exports. These countries were followed by Croatia, Bulgaria, Germany, Jordan, Iraq, Ukraine, Poland, Greece, Italy and Iran, which together accounted for a further 40%.

What is the average export price for combine harvester-threshers in Hungary?

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In 2020, the average combine harvester export price amounted to $5,699 per tonne, dropping by -35.5% against the previous year.

What is the average import price for combine harvester-threshers in Hungary?

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In 2020, the average combine harvester import price amounted to $15,412 per tonne, picking up by 28% against the previous year.