Hungary: Seeder And Planter Market 2024

Seeder And Planter Market Size in Hungary

In 2021, after five years of decline, there was growth in the Hungarian seeder and planter market, when its value increased by 3% to $X. Overall, consumption continues to indicate a dramatic descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Seeder And Planter Production in Hungary

In value terms, seeder and planter production rose remarkably to $X in 2021 estimated in export price. In general, production recorded a significant curtailment. Seeder and planter production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Seeder And Planter Exports

Exports from Hungary

In 2016, shipments abroad of seeders, planters, transplanters decreased by -13.1% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 95% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

In value terms, seeder and planter exports dropped rapidly to $X in 2016. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for seeder and planter exports from Hungary, with a 78% share of total exports. Moreover, seeder and planter exports to Romania exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Serbia (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Romania stood at +50.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.1% per year) and Serbia (-12.3% per year).

In value terms, Romania ($X) remains the key foreign market for seeders, planters, transplanters exports from Hungary, comprising 61% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Serbia, with an 8% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Romania totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.8% per year) and Serbia (-17.7% per year).

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2016, declining by -21.4% against the previous year. In general, the export price showed a precipitous slump. The most prominent rate of growth was recorded in 2014 a decrease of -21.2%. The export price peaked at $X per unit in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Seeder And Planter Imports

Imports into Hungary

In 2016, purchases abroad of seeders, planters, transplanters increased by 4% to X units for the first time since 2013, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable shrinkage. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2016, imports failed to regain momentum.

In value terms, seeder and planter imports rose to $X in 2016. Over the period under review, imports, however, saw a slight decline. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Austria (X units) and France (X units) were the main suppliers of seeder and planter imports to Hungary, together accounting for 48% of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +46.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) appeared to be the largest seeder and planter suppliers to Hungary, together accounting for 63% of total imports. Slovakia, the United States, Austria, Turkey, Italy, Poland and Moldova lagged somewhat behind, together comprising a further 31%.

Slovakia, with a CAGR of +23.7%, saw the highest growth rate of 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

The average seeder and planter import price stood at $X per unit in 2016, leveling off at the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 when the average import price increased by 18%. As a result, import price attained the peak level of $X per unit. From 2015 to 2016, the average import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Sweden (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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