Hungary: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Hungary

The Hungarian straw for fodder balers market reduced sharply to $X in 2021, declining by -23.3% against the previous year. Overall, consumption, however, posted perceptible growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Straw Or Fodder Balers, Including Pickup Balers in Hungary

In value terms, straw for fodder balers production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 152% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from Hungary

In 2021, overseas shipments of straw or fodder balers, including pickup balers increased by 0.2% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.6% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, straw for fodder balers exports soared to $X in 2021. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Poland (X units) and the UK (X units) were the main destinations of straw for fodder balers exports from Hungary, together comprising 36% of total exports. These countries were followed by France, Ireland, South Korea, China, Australia, Germany, Canada, South Africa, Austria and the Netherlands, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +100.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for straw for fodder balers exported from Hungary were the United States ($X), the UK ($X) and France ($X), together comprising 37% of total exports.

Among the main countries of destination, France, with a CAGR of +118.1%, 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

The average straw for fodder balers export price stood at $X per unit in 2021, with an increase of 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Germany ($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 Austria (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into Hungary

In 2021, straw for fodder balers imports into Hungary declined to X units, which is down by -8.9% compared with the previous year's figure. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.1% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 106% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, straw for fodder balers imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2014 when imports increased by 70% against the previous year. 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

Germany (X units), Poland (X units) and Austria (X units) were the main suppliers of straw for fodder balers imports to Hungary, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +26.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of straw or fodder balers, including pickup balers to Hungary, comprising 47% of total imports. The second position in the ranking was held by Austria ($X), with a 23% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+25.9% per year) and France (+7.0% per year).

Import Prices by Country

In 2021, the average straw for fodder balers import price amounted to $X per unit, rising by 47% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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