Hungary: Combine Harvester Market Overview 2020

Combine Harvester Market Size in Hungary

The revenue of the combine harvester market in Hungary amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated pronounced growth from 2007 to 2018: 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 2018 figures, combine harvester consumption increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Over the period under review, the combine harvester market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Combine Harvester Exports

Exports from Hungary

In 2018, the amount of combine harvester-threshers exported from Hungary totaled X units, increasing by X% against the previous year. In general, combine harvester exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, combine harvester exports attained their peak of X units. From 2009 to 2018, the growth of combine harvester exports remained at a somewhat lower figure.

In value terms, combine harvester exports amounted to $X in 2018. Over the period under review, combine harvester exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Serbia (X units), Romania (X units) and Ukraine (X units) were the main destinations of combine harvester exports from Hungary, together comprising X% of total exports. Slovakia, the Czech Republic, Afghanistan, Canada, Russia, Bulgaria, Lithuania, Poland and Latvia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Czech Republic, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for combine harvester exported from Hungary were Romania ($X), Slovakia ($X) and the Czech Republic ($X), together comprising X% of total exports.

The Czech Republic (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average combine harvester export price stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the combine harvester export price continues to indicate remarkable growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Afghanistan ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced more modest paces of growth.

Combine Harvester Imports

Imports into Hungary

In 2018, approx. X units of combine harvester-threshers were imported into Hungary; rising by X% against the previous year. In general, combine harvester imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, combine harvester imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, combine harvester imports stood at $X in 2018. Overall, combine harvester imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Germany (X units) constituted the largest combine harvester supplier to Hungary, with a X% share of total imports. Moreover, combine harvester imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The U.S. (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the U.S. (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of combine harvester to Hungary, comprising X% of total combine harvester imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Belgium (-X% per year).

Import Prices by Country

In 2018, the average combine harvester import price amounted to $X per unit, waning by -X% against the previous year. In general, the import price indicated a pronounced expansion from 2007 to 2018: its price 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 2018 figures, combine harvester import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. In that year, the average import prices for combine harvester-threshers attained their peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2007 to 2018, 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