Hungary: Market for Agricultural And Forestry Tractors 2025

Market Size for Agricultural And Forestry Tractors in Hungary

The Hungarian agricultural and forestry tractor market stood at $X in 2021, rising by 6.1% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2019 indices. Agricultural and forestry tractor consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Agricultural And Forestry Tractors in Hungary

In value terms, agricultural and forestry tractor production declined to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 110%. Agricultural and forestry tractor production peaked at $X in 2020, and then shrank in the following year.

Exports of Agricultural And Forestry Tractors

Exports from Hungary

For the third consecutive year, Hungary recorded growth in shipments abroad of agricultural and forestry tractors, which increased by 20% to X units in 2021. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 227%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, agricultural and forestry tractor exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 167%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for agricultural and forestry tractor exports from Hungary, with a 58% share of total exports. Moreover, agricultural and forestry tractor exports to Romania exceeded the volume sent to the second major destination, Serbia (X units), fivefold. The third position in this ranking was taken by Slovakia (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+5.8% per year) and Slovakia (+2.8% per year).

In value terms, Romania ($X) remains the key foreign market for agricultural and forestry tractors exports from Hungary, comprising 73% of total exports. The second position in the ranking was held by Croatia ($X), with a 10% share of total exports. It was followed by Slovakia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+62.9% per year) and Slovakia (+15.9% per year).

Export Prices by Country

The average agricultural and forestry tractor export price stood at $X per unit in 2021, approximately mirroring the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural and forestry tractor export price increased by +14.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 66%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Agricultural And Forestry Tractors

Imports into Hungary

In 2021, overseas purchases of agricultural and forestry tractors decreased by -9.4% to X units, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 with an increase of 70% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, agricultural and forestry tractor imports surged to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 51%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of agricultural and forestry tractor to Hungary, accounting for a 28% share of total imports. Moreover, agricultural and forestry tractor imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Italy (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.8% per year) and Italy (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of agricultural and forestry tractors to Hungary, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with an 8.5% share of total imports. It was followed by France, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.1% per year) and France (+19.4% per year).

Import Prices by Country

In 2021, the average agricultural and forestry tractor import price amounted to $X per unit, picking up by 35% against the previous year. In general, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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