Hungary: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Hungary

The Hungarian agricultural product dryer market surged to $X in 2021, with an increase of 51% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Agricultural Product Dryer Production in Hungary

In value terms, agricultural product dryer production expanded to $X in 2021 estimated in export price. In general, production faced a dramatic curtailment. The growth pace was the most rapid in 2014 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Agricultural Product Dryer Exports

Exports from Hungary

In 2021, shipments abroad of dryers for the treatment of agricultural products increased by 44% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate mild growth. The pace of growth appeared the most rapid in 2020 when exports increased by 170%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural product dryer exports surged to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 176% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Ukraine (X units) and Romania (X units) were the main destinations of agricultural product dryer exports from Hungary, together accounting for 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +86.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Ukraine ($X) and Romania ($X) constituted the largest markets for agricultural product dryer exported from Hungary worldwide, with a combined 80% share of total exports. Turkey, the Czech Republic, Slovakia and Switzerland lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Slovakia, with a CAGR of +1,133.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, increasing by 5.8% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Switzerland ($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 Switzerland (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Product Dryer Imports

Imports into Hungary

In 2021, imports of dryers for the treatment of agricultural products into Hungary skyrocketed to X units, rising by 47% on 2020. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 157% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, agricultural product dryer imports soared to $X in 2021. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 94%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of agricultural product dryer imports to Hungary, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +62.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest agricultural product dryer suppliers to Hungary, together accounting for 69% of total imports.

The Netherlands, with a CAGR of +103.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average agricultural product dryer import price amounted to $X per unit, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 46%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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