Hungary: Hay-Making Machinery Market 2025

Hay-Making Machinery Market Size in Hungary

The Hungarian hay-making machinery market shrank to $X in 2021, dropping by -8.7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Hay-Making Machinery Production in Hungary

In value terms, hay-making machinery production plummeted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Hay-Making Machinery Exports

Exports from Hungary

Hay-making machinery exports from Hungary skyrocketed to X units in 2021, with an increase of 93% compared with the previous year's figure. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 172% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, hay-making machinery exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 200% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units), Romania (X units) and Ireland (X units) were the main destinations of hay-making machinery exports from Hungary, with a combined 63% share of total exports. Norway, the United States, Serbia, Canada, Poland, the Netherlands, Belgium, Germany, Croatia and Austria lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +300.0%), 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 Ireland ($X), together comprising 66% of total exports. These countries were followed by Norway, the United States, Poland, the Netherlands, Germany, Belgium, Canada, Serbia, Austria and Croatia, which together accounted for a further 26%.

Belgium, with a CAGR of +532.1%, recorded 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 2021, the average hay-making machinery export price amounted to $X per unit, falling by -22.3% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 166%. The export price peaked 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 external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Croatia ($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 Germany (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Hungary

In 2021, after two years of decline, there was significant growth in overseas purchases of hay-making machinery, when their volume increased by 59% to X units. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 78%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hay-making machinery imports surged to $X in 2021. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 131%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Poland (X units), Italy (X units) and Romania (X units) were the main suppliers of hay-making machinery imports to Hungary, together comprising 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) were the largest hay-making machinery suppliers to Hungary, together comprising 62% of total imports. Slovenia, Poland, Romania, Serbia and Turkey lagged somewhat behind, together accounting for a further 25%.

Serbia, with a CAGR of +64.2%, recorded 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 hay-making machinery import price amounted to $X per unit, reducing by -2% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hay-making machinery import price decreased by -2.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 30%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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 Austria ($X per unit), while the price for Turkey ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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