Eastern Europe: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Eastern Europe

In 2022, the East European agricultural harvester market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a mild setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Agricultural Harvester Production in Eastern Europe

In value terms, agricultural harvester production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible decline. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Agricultural Harvester Exports

Exports in Eastern Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of agricultural harvesters, when their volume decreased by X% to X units. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, agricultural harvester exports declined to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus represented the major exporting country with an export of around X units, which recorded X% of total exports. Poland (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (X%) and Bulgaria (X%). Russia (X units), Ukraine (X units), Romania (X units) and Lithuania (X units) held a minor 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, Poland ($X) remains the largest agricultural harvester supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Agricultural Harvester Imports

Imports in Eastern Europe

In 2022, imports of agricultural harvesters in Eastern Europe declined modestly to X units, with a decrease of X% compared with the previous year. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, agricultural harvester imports contracted to $X in 2022. Total imports indicated a notable 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Russia (X units) was the main importer of agricultural harvesters, creating X% of total imports. Ukraine (X units) held the second position in the ranking, followed by Poland (X units), Romania (X units) and Bulgaria (X units). All these countries together held near X% share of total imports. The following importers - Hungary (X units), Belarus (X units) and Slovakia (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to agricultural harvester imports into Russia stood at X%. At the same time, Belarus (X%), Slovakia (X%), Hungary (X%), Romania (X%), Bulgaria (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Romania (X p.p.), Poland (X p.p.), Bulgaria (X p.p.), Hungary (X p.p.), Belarus (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total imports, while Russia 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 ($X), Romania ($X) and Ukraine ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Bulgaria, Hungary, Russia, Slovakia and Belarus lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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