Hungary: Market for Root Or Tuber Harvesting Machines 2024

Market Size for Root Or Tuber Harvesting Machines in Hungary

The Hungarian market for root or tuber harvesting machines contracted modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Root Or Tuber Harvesting Machines in Hungary

In value terms, root or tuber harvesting machine production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Root Or Tuber Harvesting Machines

Exports from Hungary

In 2022, the amount of root or tuber harvesting machines exported from Hungary soared to X units, with an increase of X% compared with the previous year. In general, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, root or tuber harvesting machine exports skyrocketed to $X in 2022. Over the period under review, exports showed moderate growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units), Bulgaria (X units) and Poland (X units) were the main destinations of root or tuber harvesting machine exports from Hungary, with a combined X% share of total exports.

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

In value terms, Romania ($X) remains the key foreign market for root or tuber harvesting machines exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average export price for root or tuber harvesting machines amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Root Or Tuber Harvesting Machines

Imports into Hungary

In 2022, the amount of root or tuber harvesting machines imported into Hungary skyrocketed to X units, increasing by X% on the previous year. In general, imports posted a noticeable expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, root or tuber harvesting machine imports soared to $X in 2022. Overall, imports continue to indicate a strong increase. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of root or tuber harvesting machine to Hungary, accounting for a X% share of total imports. Moreover, root or tuber harvesting machine imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Italy (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Poland ($X) appeared to be the largest root or tuber harvesting machine suppliers to Hungary, together comprising X% of total imports.

In terms of the main suppliers, Poland, 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 import price for root or tuber harvesting machines amounted to $X per unit, surging by X% against the previous year. In general, the import price continues to indicate tangible growth. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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