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 reduced rapidly to $X in 2021, waning by -16.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Root or tuber harvesting machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Root Or Tuber Harvesting Machines in Hungary

In value terms, root or tuber harvesting machine production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Root Or Tuber Harvesting Machines

Exports from Hungary

In 2021, approx. X tons of root or tuber harvesting machines were exported from Hungary; surging by 13% compared with the year before. Over the period under review, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 132% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, root or tuber harvesting machine exports surged to $X in 2021. In general, exports saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 92%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Ukraine (X tons) were the main destinations of root or tuber harvesting machine exports from Hungary, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Ukraine ($X) were the largest markets for root or tuber harvesting machine exported from Hungary worldwide, with a combined 79% share of total exports. These countries were followed by Slovakia, Russia, Serbia, Austria and Germany, which together accounted for a further 21%.

Germany, with a CAGR of +23.2%, 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

The average export price for root or tuber harvesting machines stood at $X per ton in 2021, growing by 5.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, 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 Serbia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+14.5%), 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 2021, supplies from abroad of root or tuber harvesting machines decreased by -12.8% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 169%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, root or tuber harvesting machine imports declined sharply to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of root or tuber harvesting machine to Hungary, accounting for a 76% share of total imports. Moreover, root or tuber harvesting machine imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Slovenia (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+41.7% per year) and Slovenia (0.0% per year).

In value terms, Poland ($X), Italy ($X) and Denmark ($X) were the largest root or tuber harvesting machine suppliers to Hungary, together comprising 78% of total imports.

Poland, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for root or tuber harvesting machines amounted to $X per ton, waning by -28.2% against the previous year. In general, the import price faced a precipitous decline. The most prominent rate of growth was recorded in 2019 an increase of 152% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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