Hungary: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Hungary

The Hungarian hay-making machinery market rose modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Hay-making machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hay-Making Machinery Production in Hungary

In value terms, hay-making machinery production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Hay-making machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hay-Making Machinery Exports

Exports from Hungary

In 2022, overseas shipments of hay-making machinery decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, hay-making machinery exports shrank dramatically to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

The UK (X units), the United States (X units) and Romania (X units) were the main destinations of hay-making machinery exports from Hungary, together accounting for X% of total exports. Ireland, France, Norway, Poland, Slovakia, Canada, Germany and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hay-making machinery exported from Hungary were the UK ($X), Romania ($X) and the United States ($X), together accounting for X% of total exports. Ireland, France, Poland, Norway, Canada, Germany, Slovakia and Serbia lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average hay-making machinery export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Hungary

In 2022, the amount of hay-making machinery imported into Hungary reduced to X units, declining by X% on the previous year. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, hay-making machinery imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X units), Italy (X units) and Germany (X units) were the main suppliers of hay-making machinery imports to Hungary, with a combined X% share of total imports. Romania, Slovenia, Poland and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Slovenia ($X) constituted the largest hay-making machinery suppliers to Hungary, together comprising X% of total imports.

Among the main suppliers, Austria, 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

In 2022, the average hay-making machinery import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hay-making machinery import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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